Microbank MBC, with the support of TBC Capital, has issued 2-year bonds worth 21.3 million GEL under Enterprise Georgia’s Capital Market Support Program. This issuance represents the first tranche of the GEL 60 million bond program.
The interest rate on the bonds is set at TIBR 3M + 4.0%, with the Pension Fund of Georgia participating as one of the investors, marking its first-time purchase of Microbank bonds
MBC is the first financial institution in Georgia to obtain a microbank license. The company’s core activities include lending to micro, small, and medium-sized businesses
