TBC Bank closes in on $300m

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By Francesca Young
12 Jun 2019

TBC Bank, Georgia’s largest bank by assets, loans and deposits, has set the size for its debut dollar bond at $300m and order books for the deal are already well over that amount.

The five year bond is being arranged by JP Morgan, Renaissance Capital and UBS. TBC Capital is a lead manager.

The latest book update, given at around midday in London, was at $500m. Price guidance for the note stands at 6%-6.125%.

TBC Bank is rated Ba2/—/BB-. ...

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