BAKU, Azerbaijan, July 15
Tamilla Mammadova – Trend:
Georgian Leasing Company Galt&Taggart has successfully placed 2-year bonds of Georgian Leasing Company worth $12 million, Trend reports via Georgian media.
As reported, for the first time, euro-denominated bonds of 3 million euros with a 2-year maturity were placed in Georgia.
This is the 6th and 7th issuances carried out by the Georgian leasing company. These transactions amid the COVID-19 pandemic uncertainties prove that Galt&Taggart is a stable company and foreign investors trust it.
Georgian Leasing Company enables clients to invest their free financial resources in the company’s bonds. The annual fixed rate on USD-denominated bonds accounts for 5.75 percent, while the annual fixed interest rate for euro-denominated bonds accounts for 4.75 percent.
Both securities will mature in 2 years, on July 12, 2023. Noteworthy, the investor's demand has exceeded the issuance volume. Both placements were carried out by Galt&Taggart.
"We are pleased that Georgian leasing company has carried out the new successful placement of bonds on the domestic market. The demand for the mentioned securities has exceeded our expectations and indeed, this fact proves the creditworthiness of our company and the high professionalism of Galt&Taggart. We are also proud that our cooperation continues for many years", Georgian Leasing Company director general Eldar Akhvledinai noted.
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