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JSC MFO Crystal has successfully issued GEL 10mn unsubordinated unsecured bonds

JSC MFO Crystal has successfully issued GEL 10mn unsubordinated unsecured bonds

2 mins read

The FINANCIAL -- December 28, 2017, Tbilisi – JSC MFO Crystal, rated B by Fitch Ratings, successfully completed an inaugural GEL 10 million offering of notes due December 2019 (the Notes). The annual coupon rate was set at 4.5% over the National Bank of Georgia’s refinancing rate. Senior unsecured Notes were issued and sold at an issue price of 100.00%. Galt & Taggart acted as the lead manager for the issuance. The Notes are expected to be listed on the Georgian Stock Exchange.…

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JSC MFO Crystal has successfully issued GEL 10mn unsubordinated unsecured bonds

2 mins read

The FINANCIAL -- December 28, 2017, Tbilisi – JSC MFO Crystal, rated B by Fitch Ratings, successfully completed an inaugural GEL 10 million offering of notes due December 2019 (the Notes). The annual coupon rate was set at 4.5% over the National Bank of Georgia’s refinancing rate. Senior unsecured Notes were issued and sold at…