JSC Galt & Taggart has ensured successful issuance USD 10 mln worth biennial bonds of Kakhetian Traditional Winemaking LLC, one of the majour wine and alcohol producers in Georgia. This is the first emission of the Kakhetian Traditional Winemaking LLC, which shows increasing potential of the company.
Emission of the public instrument with fixed income is the first transaction of the Georgian wine and alcohol market, respectively, Kakhetian Traditional Winemaking LLC, for the first time, is giving the customers the opportunity to invest the idle monetary means in this sector. The fixed annual rate of the security equals 9%. The company is planning to admit the mentioned securities to the Georgian Stock Exchange for trading and, as a result, the bond owners shall be fully exempted from taxes. The term of the bonds equals 2 years and on December 29, 2022 they will be completely covered.
“I would like to congratulate Kakhetian Tranditional Winemaking LLC on successful realization of this important transaction. I believe that this will significantly stabilize the leading position of the company in the market. Besides, I am happy to mention the role of Galt & Taggart in successful issuance and accommodation of the bonds of Kakhetian Traditional Winemaking LLC” – declared Otar Sharikadze, the Managing Director of Galt & Taggart.
