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
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