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Georgia plans to hold repeat placement of Eurobonds on London Stock Exchange

Business Materials 28 October 2010 17:18 (UTC +04:00)

Georgia, Tbilisi, Oct.28/ Trend N. Kirtskhalia /

The Georgian Government plans to hold repeat placement of Eurobonds on the London Stock Exchange, the Georgian Prime Minister Nika Gilauri, who is on a visit to China, said at a meeting with local businessmen, the Prime Minister's Press Service reports.

According to Gilauri, repeat placement of Eurobonds will take place by 2011, however the volume of the second issue is not specified.

For the first time Georgia has placed eurobonds in spring of 2008. Then the government issued Eurobonds worth 500 million dollars, and placement amount received from them should be paid off in 2013.

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