Bank of Georgia keeps size down on AT1 debut

Georgia flag 230 x 150
By Lewis McLellan
21 Mar 2019

Bank of Georgia is in the market with its first ever additional tier one bond on Thursday, offering a generous yield but keeping the size down.

JP Morgan and UBS received the mandate for the deal, and set initial price thoughts at low to mid 11%. The size guidance was $100m.

The bond will be callable in June 2024. If the bond is not called, the coupon will be reset to the ...

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