ADVERTISEMENT
  • News
  • New York
  • Technology
  • Culture
  • Entertainment
  • Sport
  • More
    • Politics
    • Lifestyle
    • TV
    • Games
Tuesday, June 17, 2025
  • Login
No Result
View All Result
NEWSLETTER
FINCHANNEL
  • Home
  • Business
    • BANKS
      • GeoBanks
    • Finance
    • Insurance
    • Markets
    • Pharmacy
    • Press Releases
    • RealEstate
    • RealEstate
    • Finance
    • Insurance
    • Banks
      • GeoBanks
    • Markets
    • Press Releases
    • Personal Finance
  • World
    • Americas
    • Europe
    • Georgia
      • Media
    • Ukraine
    • Europe
    • Georgia
      • Media
    • Ukraine
    • Americas
    • UK local news
  • Travel
    • Hotels in Georgia
    • Tours in Georgia
  • Videos
    • Promos
    • Soundslides
    • TheClinics
    • TheHoteliers
    • TheUniversities
    • TheHoteliers
    • TheClinics
    • TheUniversities
    • BestWorkplaces
    • Soundslides
    • Promos
    • Banking Forum
      • Promos
      • Soundslides
      • TheClinics
      • TheHoteliers
      • TheUniversities
  • Opinion
    • Editorial
      • Analysis
      • GORBI
      • OP-ED
      • VISA Editorial
    • Analysis
    • Gorbi
    • Book reviews
  • Tech
  • Interview
  • People
    • lifestyle
    • Health & Beauty
      • Coronavirus
    • LifeStyle
    • Employment
      • MyCareer
    • Education
    • Media
    • Celebrities
  • Oil&Auto
    • Auto
    • Energy
  • EN
    • EN
    • GE
  • Home
  • Business
    • BANKS
      • GeoBanks
    • Finance
    • Insurance
    • Markets
    • Pharmacy
    • Press Releases
    • RealEstate
    • RealEstate
    • Finance
    • Insurance
    • Banks
      • GeoBanks
    • Markets
    • Press Releases
    • Personal Finance
  • World
    • Americas
    • Europe
    • Georgia
      • Media
    • Ukraine
    • Europe
    • Georgia
      • Media
    • Ukraine
    • Americas
    • UK local news
  • Travel
    • Hotels in Georgia
    • Tours in Georgia
  • Videos
    • Promos
    • Soundslides
    • TheClinics
    • TheHoteliers
    • TheUniversities
    • TheHoteliers
    • TheClinics
    • TheUniversities
    • BestWorkplaces
    • Soundslides
    • Promos
    • Banking Forum
      • Promos
      • Soundslides
      • TheClinics
      • TheHoteliers
      • TheUniversities
  • Opinion
    • Editorial
      • Analysis
      • GORBI
      • OP-ED
      • VISA Editorial
    • Analysis
    • Gorbi
    • Book reviews
  • Tech
  • Interview
  • People
    • lifestyle
    • Health & Beauty
      • Coronavirus
    • LifeStyle
    • Employment
      • MyCareer
    • Education
    • Media
    • Celebrities
  • Oil&Auto
    • Auto
    • Energy
  • EN
    • EN
    • GE
No Result
View All Result
FINCHANNEL
No Result
View All Result
Home Business Press Releases

PASHA Bank issues the term loan facilities to Georgian Water & Power and Rustavi Water Company with the combined principal of GEL 22.5 million

The FINANCIAL by The FINANCIAL
June 5, 2015
in Press Releases
Reading Time: 2 mins read
8
A A
0
Share on FacebookShare on Twitter

The FINANCIAL — PASHA Bank issued term loan facilities to Georgian Water & Power and Rustavi Water Company of GEL 12.5 million  and GEL 10 million respectively.  Combined exposure of the Bank to the borrower’s parent company, Georgian Global Utilities, amounts to GEL 22.5 million.

The borrowers are regulated water utilities serving Tbilisi and its environs and the city of Rustavi.  They regularly carry out water supply and sewage networks rehabilitation works, replacing old underground facilities with new more efficient systems. Loans in foreign currency taken out by borrowers at the earlier date that are now being refinanced by GEL denominated facilities extended by PASHA Bank will contribute to the successful implementation of these projects.

“We are very glad to have started partnership with GWP & Rustavi Water. This transaction once again shows that PASHA Bank, being focused on serving large and medium enterprises, has both institutional capability as well as appetite to take on transaction of such large a scale. In a light of the current market climate, the fact that these facilities were issued in GEL deserves a special mention too,” commented the CEO of PASHA Bank, Shahin Mammadov.

RelatedPosts

Why Tbilisi Real Estate Investing is Buzzing Right Now

Lutz-Jesco GmbH Acquires FXM Line of Peristaltic Pumps from Valmet

ZEG Storytelling Festival

Eshvi Signals The Beginning of a Bold New Era by Opening A New Location

“Georgian Water & Power’s strategy calls for the gradual reduction of its foreign currency exposures and this deal is a large step in that direction. We are glad that PASHA Bank agreed to provide us with medium term GEL funding at a fixed rate. I would like to hereby express our satisfaction regarding the cooperation with PASHA Bank. The process of structuring the deal was completed promptly and in an efficient manner, which is especially important considering the size of the deal,” said CFO of Georgian Water and Power, George Vakhtangishvili.

See also  Why Tbilisi Real Estate Investing is Buzzing Right Now

“Recent GEL/USD exchange rate volatility sparked tangible increase of interest in local currency funding. We are happy to be able to provide such a key player – with the mutually beneficial financing terms,” added Commercial Director of PASHA Bank, Goga Japaridze.

Georgian Water and Power (GWP) is a leading water utility in Georgia. It ensures stable supply of drinking water to Tbilisi. GWP also provides wastewater services and generates electricity. Power is generated by Zhinvali Hydro and Tetrikhevi Hydro plants. Biggest share of the electricity generated is used for the Company’s own needs.

 

Related Posts

Why Tbilisi Real Estate Investing is Buzzing Right Now
Business

Why Tbilisi Real Estate Investing is Buzzing Right Now

by The FINANCIAL
June 3, 2025
0

Georgia's capital, Tbilisi, has been catching more than a few eyes lately. Frankly speaking, it's downright elbowing its way to...

Read more
Global tech innovation initiative unlocks Singapore as key growth market for international startups

Lutz-Jesco GmbH Acquires FXM Line of Peristaltic Pumps from Valmet

May 6, 2025
ZEG Storytelling Festival

ZEG Storytelling Festival

April 8, 2025
Eshvi Signals The Beginning of a Bold New Era by Opening A New Location

Eshvi Signals The Beginning of a Bold New Era by Opening A New Location

April 1, 2025

Discussion about this post

  • Trending
  • Comments
  • Latest
Ampersand wins £22m five-year contract at London Zoo

Ampersand wins £22m five-year contract at London Zoo

June 25, 2012
Goga Samushia, Director of Commersant

Commersant to Launch New Multimedia Finance Project

June 14, 2025
Fullscript vs. Rupa Health: What the Acquisition Means for Providers and Patients

Fullscript vs. Rupa Health: What the Acquisition Means for Providers and Patients

June 11, 2025
Will digital media be decisive in general election – as it was in Donald Trump’s victory? 

How to Align Social Media with Your Overall Marketing Strategy

June 11, 2025
Leon Botstein’s Five-Decade Transformation at Bard College

Leon Botstein’s Five-Decade Transformation at Bard College

May 28, 2025
Elite Lauches in Lebanon

U.S. Counts 1,873 Listed Billion-Dollar Companies, More Than the Next Eight Economies Combined

June 17, 2025
Three employees killed as Israel attacks Iran’s state TV during live bulletin.

Three employees killed as Israel attacks Iran’s state TV during live bulletin.

June 17, 2025
Looking For A New Property? Here Are 10 Things You Need To Consider During The Hunt

Looking For A New Property? Here Are 10 Things You Need To Consider During The Hunt

June 16, 2025
7 Digital Marketing Techniques for Business Owners in 2020

Lockton Surprasses $4 Billion in FY2025 revenue

June 16, 2025
Protected: Why Insurance is So Important for Project Management

Protected: Why Insurance is So Important for Project Management

June 16, 2025
ADVERTISEMENT

Popular Last 24h

  • Goga Samushia, Director of Commersant

    Commersant to Launch New Multimedia Finance Project

    63 shares
    Share 25 Tweet 16
  • Women-Led Businesses Continue To Grow in 2025

    29 shares
    Share 12 Tweet 7
  • Lockton Surprasses $4 Billion in FY2025 revenue

    20 shares
    Share 8 Tweet 5
  • New Columns and Global Partnerships on the Horizon for Publika

    24 shares
    Share 10 Tweet 6
  • Leon Botstein’s Five-Decade Transformation at Bard College

    316 shares
    Share 126 Tweet 79
  • Ampersand wins £22m five-year contract at London Zoo

    3634 shares
    Share 1454 Tweet 909
  • Looking For A New Property? Here Are 10 Things You Need To Consider During The Hunt

    16 shares
    Share 6 Tweet 4

LATEST POSTS

Elite Lauches in Lebanon

U.S. Counts 1,873 Listed Billion-Dollar Companies, More Than the Next Eight Economies Combined

June 17, 2025
Three employees killed as Israel attacks Iran’s state TV during live bulletin.

Three employees killed as Israel attacks Iran’s state TV during live bulletin.

June 17, 2025
Looking For A New Property? Here Are 10 Things You Need To Consider During The Hunt

Looking For A New Property? Here Are 10 Things You Need To Consider During The Hunt

June 16, 2025
7 Digital Marketing Techniques for Business Owners in 2020

Lockton Surprasses $4 Billion in FY2025 revenue

June 16, 2025
Protected: Why Insurance is So Important for Project Management

Protected: Why Insurance is So Important for Project Management

June 16, 2025
Mounting pressure beginning to drive progress for women in senior leadership

Women-Led Businesses Continue To Grow in 2025

June 16, 2025
Ukraine fires US-supplied longer-range missiles into Russia, Moscow says

Ukraine Support: Europe largely fills the US aid withdrawal, lead by the Nordics and the UK

June 16, 2025
Supply chain management degree course among best in world

 How Apps Are Reshaping Supplier Risk and Compliance

June 15, 2025

A Tutorial on Crafting the Perfect LinkedIn Profile Along with Your Resume

June 15, 2025
Israel’s Illegal, Counterproductive Attacks Make a Nuclear-Armed Iran More Likely

Israel’s Illegal, Counterproductive Attacks Make a Nuclear-Armed Iran More Likely

June 15, 2025

LATESTBUSINESS

Elite Lauches in Lebanon

U.S. Counts 1,873 Listed Billion-Dollar Companies, More Than the Next Eight Economies Combined

by The FINANCIAL
June 17, 2025
0

7 Digital Marketing Techniques for Business Owners in 2020

Lockton Surprasses $4 Billion in FY2025 revenue

by The FINANCIAL
June 16, 2025
0

Mounting pressure beginning to drive progress for women in senior leadership

Women-Led Businesses Continue To Grow in 2025

by The FINANCIAL
June 16, 2025
0

REVAZ NATROSHVILI, CEO of Proservice

Proservice Launches Cloud Solutions, Expanding Infrastructure with Innovations

by Golden Brand
June 14, 2025
0

ROLAND ERADZE, Founder of Bona Georgia

Bona Georgia Expands with New Showroom and Innovations in Floor Care

by Golden Brand
June 14, 2025
0

Foodmg

The Standard of Excellence in Catering: Food Management Group Wins Golden Brand Award

by Golden Brand
June 14, 2025
0

RMN02917_sante004_prevs

From France to Georgia: Président Cheese Wins the Golden Brand Award

by Golden Brand
June 14, 2025
0

TAMTA KALANDADZE, Brand Manager at BMS

Pasta Reggia Expands Its Footprint in Georgian Market with New Products

by Golden Brand
June 14, 2025
0

GET IN TOUCH

Submit guest post/Letters to the Editor:

editor (at) finchannel.com

Sales & Marketing: (+995 558) 03 03 03 Email: marketing (at) finchannel.com

Whatsup: (+995 599) 96 52 52

Georgia:

(+995 599) 96 52 52 Email: editor (@) finchannel.com

Postal address: 17 Mtskheta str. Tbilisi, Georgia 0179 The FINANCIAL

RESOURCE

  • Work at the FINANCIAL
  • ePaper
  • Advertise in The FINANCIAL
  • Access ePaper
  • Guest posts
  • Contributed articles
  • AmericanStockNews
  • Coupon Codes
  • GLOSSY MAG
American Culture Center
ACC Partner

GUIDEBOOK

  • Meet our team
  • Invest in Georgia
  • Become contributor
  • Archive

FOLLOW US

  • Facebook
  • Twitter
  • Google+
  • Youtube
No Result
View All Result
  • Home
  • Business
    • BANKS
      • GeoBanks
    • Finance
    • Insurance
    • Markets
    • Pharmacy
    • Press Releases
    • RealEstate
    • RealEstate
    • Finance
    • Insurance
    • Banks
      • GeoBanks
    • Markets
    • Press Releases
    • Personal Finance
  • World
    • Americas
    • Europe
    • Georgia
      • Media
    • Ukraine
    • Europe
    • Georgia
      • Media
    • Ukraine
    • Americas
    • UK local news
  • Travel
    • Hotels in Georgia
    • Tours in Georgia
  • Videos
    • Promos
    • Soundslides
    • TheClinics
    • TheHoteliers
    • TheUniversities
    • TheHoteliers
    • TheClinics
    • TheUniversities
    • BestWorkplaces
    • Soundslides
    • Promos
    • Banking Forum
      • Promos
      • Soundslides
      • TheClinics
      • TheHoteliers
      • TheUniversities
  • Opinion
    • Editorial
      • Analysis
      • GORBI
      • OP-ED
      • VISA Editorial
    • Analysis
    • Gorbi
    • Book reviews
  • Tech
  • Interview
  • People
    • lifestyle
    • Health & Beauty
      • Coronavirus
    • LifeStyle
    • Employment
      • MyCareer
    • Education
    • Media
    • Celebrities
  • Oil&Auto
    • Auto
    • Energy
  • EN
    • EN
    • GE

© 2025 Intelligence Group llc

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Add New Playlist

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.