Georgian Oil and Gas gets tight price for $250m debut
Georgian Oil and Gas Corp priced a $250m five-year debut bond late on Wednesday at 7.125%, well inside the 7.50%-7.75% initial guidance (subsequently revised to 7.25%-7.50%) it had set earlier in the day. The tight pricing was achieved following strong demand, with a four times oversubscribed order book.
GOGCs roadshow finished on Monday in Switzerland after covering London, New York and Boston last week. GOGC mandated Goldman Sachs and JP Morgan to arrange the issue.
Several emerging market deals got postponed this week due to the volatile market conditions, but investors knew this was the only
Please take a trial or subscribe to access this content.
Contact our subscriptions team to discuss your access: firstname.lastname@example.org
To discuss GlobalCapital access for your entire department or company please contact our subscriptions sales team at: email@example.com or find out more online here.