Tbilisi, July 19, 2016 – JSC Galt & Taggart announced today that it has been named the Best Regional Securities Brokerage - Georgia 2016 by Capital Finance International. 

The Capital Finance International judging panel reviews information generated during the nomination process and draws on its members’ expertise to identify candidates for award consideration. CFI.co then brings into focus the critical eye of a combined 170 years of business leadership and experience in financial journalism to make informed award decisions. 

Asian Development Bank (ADB) completed its second GEL-denominated bond offering on July 6, 2016. JSC Galt & Taggart served as the sole placement agent for the GEL 64 million issuance at a floating coupon rate equivalent to the 3-month (91-day) National Bank of Georgia Certificate of Deposit plus a 20 basis point spread with a maturity of three years. 

June 17, 2016, Tbilisi –the multilateral development bank (“MDB”) EBRD issued the first public listed deal by an international issuer in the Georgian domestic bond market.  The five year Georgian Lari (“GEL”) floating rate bond for GEL 107 million has a coupon linked to the 3-month CD rate issued by the National Bank of Georgia (“NBG”), with the initial 3-month coupon set at 6.45% following the NBG’s auction on Wednesday.  This was the EBRD’s third successful bond issuance in GEL to be lead managed by JSC Galt & Taggart.

March 21, 2016, Tbilisi – Nikora Trade LLC, JSC Nikora’s wholly-owned subsidiary, has successfully completed its first ever bond offering on March 18, 2016. JSC Galt & Taggart served as the placement agent for the US$5 million, two-year issuance. The bond was issued at par with a coupon rate of 11%, payable semiannually. JSC Nikora acts as a guarantor for the issued bonds, which are intended to be listed on and admitted to the trading system of the Georgian Stock Exchange in the near future.

Tbilisi, March 16, 2016 – JSC Galt & Taggart announced today that it has received three awards from Global Banking & Finance Review. Galt & Taggart was named the Best Investment Bank, the Best Investment Brokerage, and the Best Corporate Advisory in Georgia in 2016.

Tbilisi, March 1, 2016 – JSC Galt & Taggart announced today that it has received the Global Finance award for the Best Investment Bank in Georgia in 2016. Global Finance magazine has named its 17th annual World’s Best Investment Banks by country, region and sector. Galt & Taggart is the recipient of the award for the second consecutive year.

February 24, 2016, Tbilisi – Galt & Taggart has announced the launch of an online macro portal, which houses macroeconomic data for 12 countries in the region. G&T Macro Portal provides key economic and financial indicators for Georgia, Azerbaijan, Armenia, Turkey, Iran, Russia, Ukraine, Moldova, Belarus, Kazakhstan, Uzbekistan, and Turkmenistan. The indicators include GDP, inflation, monetary policy rate, currency exchange rate, current account, sovereign credit ratings, and budget figures, among others (current and historical data).

December 9, 2015, Tbilisi – International ratings agency, Fitch Ratings, assigned a ‘BB-‘ rating to Georgian Water and Power (GWP) on December 8, 2015. GWP is the leading company in water and waste water treatment services in Georgia and the only supplier of those services in the capital city of Tbilisi. 

November 20, 2015, Tbilisi – JSC Galt & Taggart, a wholly owned investment banking subsidiary of Bank of Georgia Holdings PLC ("BGH"), acted as a Co-Lead Manager for the GBP 218 million IPO of Georgia Healthcare Group PLC (“GHG”) on the London Stock Exchange. GHG, a healthcare subsidiary of BGH, announced the successful pricing of its Initial Public Offering on 9 November 2015. Details of GHG's announcement can be found at the following link: www.ghg.com.ge.

Offering Highlights 

November 19, 2015, Tbilisi - JSC Galt & Taggart (Galt & Taggart) announced today the signing of an agreement that will allow Thomson Reuters to distribute Galt & Taggart’s research reports through its proprietary platform.