No more waiting for TBC as bank prints $300m

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By Francesca Young
13 Jun 2019

Georgian TBC Bank printed its long-awaited $300m five year bond on Wednesday from a book of over $700m.

The note was printed at 98.934 with a coupon of 5.75% to yield 6%. Price guidance for the note started at low 6% before being updated to 6%-6.125%.

“It’s the lowest ever yield and coupon by a Georgian issuer and as of now TBC is the longest-dated dollar ...

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