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MBC had placed 15 mln Gel bond on the Georgian Stock Exchange

MBC had placed 15 mln Gel bond on the Georgian Stock Exchange

2022-12-14

With the assistance of Galt & Taggart, JSC MBC has placed 15 million GEL two-year bonds on the Georgian Stock Exchange, the company's first ever issue.

It has been a few years since the company started working on GEL bonds. MBC got a B+ stable credit rating from Scope Ratings for the first time in 2020. Even during the Covid pandemic, the company was able to maintain its rating.

The transaction is the first joint successful placement for JSC MBC and Galt & Taggart.

With the issuance of unsecured bonds of 15 million GEL, we will be able to replace secured obligations and diversify the funds raised. We are happy that we will make a small contribution to the development of the securities market in Georgia and we will actively continue to work in this direction in the future," says Tatia Jajanashvili, Chief Financial Officer of JSC MBC.

MBC had placed 15 mln Gel bond on the Georgian Stock Exchange