JSC Georgian Oil and Gas Corporation Has Successfully Refinanced Eurobonds Issued in 2012
20 April, 2016
JSC Georgian Oil and Gas Corporation has successfully refinanced Eurobond of the cost of USD 250 000 000 placed on the London Exchange Market in 2012
New bonds were placed on the London Stock Exchange on April 19, 2016. The bond issued by GOGC is priced at a coupon of 6, 75%, yield rate - 7, 00%, and has a maturity of five years (redemption date April 26, 2021). Prior to placing the Eurobond, GOGC management held roadshows in larger financial centers in the UK and the USA.
As a result of refinancing, JSC “Georgian Oil and Gas Corporation” will be able to intensify trunk pipeline rehabilitation and develop combined cycle power plant as well as underground gas storage facility projects.
New bonds were placed on the London Stock Exchange on April 19, 2016. The bond issued by GOGC is priced at a coupon of 6, 75%, yield rate - 7, 00%, and has a maturity of five years (redemption date April 26, 2021). Prior to placing the Eurobond, GOGC management held roadshows in larger financial centers in the UK and the USA.
As a result of refinancing, JSC “Georgian Oil and Gas Corporation” will be able to intensify trunk pipeline rehabilitation and develop combined cycle power plant as well as underground gas storage facility projects.