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Georgian PM to hold roadshow in London

Business Materials 7 July 2010 10:16 (UTC +04:00)

Georgia, Tbilisi, July 7 / Trend N.Kirtzkhalia /

Georgian Prime Minister Nika Gilauri will visit London July 7-8, where he will hold a so-called "roadshow" organized by JP Morgan. Gilauri will host a series of meetings with companies interested in Railway of Georgia eurobonds.

Railway of Georgia intends to place eurobonds worth $250 million on international financial markets, the PM's spokesman Nikoloz Mchedlishvili said.

"The eurobonds will have a 5-7-year term," he said.

The funds will be spent on building a bypass line in the Tbilisi suburbs. The European Bank for Reconstruction and Development granted a 100-million-euro loan for the project.

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