The FINANCIAL — The Asian Development Bank (ADB) announced an investment of up to $20 million in green bonds to be issued by Georgia Global Utilities JSC (GGU), with proceeds to upgrade water supply and sanitation in Tbilisi and nearby municipalities, and to refinance debt of renewable energy and water operations. ADB will also administer a further investment of up to $20 million in the bonds by Leading Asia’s Private Infrastructure Fund (LEAP). GGU is a holding company with two major business lines involving renewable energy and water supply and sanitation, the latter operated primarily through its subsidiary Georgian Water and Power…
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