Georgian Oil and Gas tightens guidance on debut

08 May 2012

Georgian Oil and Gas Corp gave initial price guidance today of 7.5% to 7.75% for its $250m five year debut bond deal, but subsequently revised that tighter to 7.25% to 7.5%.

GOGC’s roadshow finished on Monday in Switzerland after covering London, New York and Boston last week. The pause between that and coming out with initial guidance was partly attributable to unsteady European markets and partly to the Russian national holiday, according to one bank official away from the ...

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