JSC Galt & Taggart acted as the sole placement agent for a US$20 million bond issuance by m2 Real Estate, a wholly-owned subsidiary of Bank of Georgia Holdings PLC. The bond was issued at par with a gross annual coupon rate of 9.5% payable semi-annually. This is the third bond placement for m2 Real Estate in the last 12 months.
“I am pleased to note Galt & Taggart’s role in the successful issuance of m2 Real Estate bonds, the largest public fixed income placement in Georgia to date. The issuance was oversubscribed due to considerable demand for this lucrative instrument in the current low-yield environment. I congratulate the entire Galt & Taggart team - with its expertise and professionalism, it has become the placement and underwriting services provider of choice for private and public companies, as well as international financial institutions” commented Archil Gachechiladze, Chairman of Galt & Taggart.
For inquiries please contact Galt & Taggart via email at gt@gt.ge