Bank of Georgia prints $150m to satisfy investors braying for tap
Bank of Georgia printed a $150m tap of its $250m 7.75% July 2017s on Tuesday to satisfy investors who had been asking the bank for more paper. Bank of America Merrill Lynch and JP Morgan arranged the senior unsecured deal.
The note was printed at a yield of 6.125%. Price guidance for the tap was originally released at 6.5% area.
“Leads started a fair bit back but the end pricing looked fair for a small trade,” said a syndicate official away from the deal. He said he had
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