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Georgian Railway plans to hold Eurobonds "road show" in New York

Business Materials 8 October 2010 10:38 (UTC +04:00)
"Georgian Railways" plans after London to hold "road show" for own Eurobonds in New York, the Company told Trend.

Georgia, Tbilisi, Oct.8 / Trend N. Kirtskhalia /

"Georgian Railways" plans after London to hold "road show" for own Eurobonds in New York, the Company told Trend.

Georgian state-owned railway company issued Eurobonds worth of $250 million in London Stock Exchange, and it was decided to issue securities also in USA .

The subsidiary of the Bank of Georgia Investment Bank "BG Capital" helps the company in issuing Eurobonds in New York. Negotiations are held with such giants U.S. banks as Morgan Stanley and Merrill Lynch.

After placement of Eurobonds on the London Stock Exchange price of Eurobonds increased by eight percent.

Tbilisi bypass railway project is funded at the expense of received revenues.

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