JSC Galt & Taggart named the Best Investment Bank Georgia 2015 by International Finance Magazine

JSC Galt & Taggart announced today that it has received the International Finance Magazine award for the Best Investment Bank in Georgia in 2015. The IFM Awards celebrate excellence in its purest form, recognizing and honouring individuals and organizations in the international finance industry that make a significant difference and add value. 

October 13, 2015, Tbilisi - JSC Galt & Taggart (Galt & Taggart) and Saxo Bank announced today the signing of an agreement that will allow clients of Galt & Taggart to access global capital markets and invest on a multi asset basis. The product will activate in November 2015 and will provide a highly adaptive trading experience with professional tools, insights and world-class execution to its users.

JSC Galt & Taggart announced today that it has received the Global Banking and Finance awards for the Best Investment Brokerage Company and the Best Corporate Finance Advisory in Georgia in 2015. The Global Banking and Finance Review awards are known throughout the global banking and financial community. They reflect the innovation, achievement, strategy, and progressive changes taking place within the financial sector.

JSC Galt & Taggart announced today that it has received the Global Finance award for the Best Investment Bank in Georgia in 2015. Global Finance magazine has named its 16th annual World’s Best Investment Banks by country, region and sector in an exclusive survey published in the April 2015 issue.

Global Finance editors, with input from industry experts, used a series of criteria—including market share, structuring capabilities, distribution network, innovation, and market reputation—to select the winners.

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.

JSC Galt & Taggart acted as the sole placement agent for a Georgian Lari denominated bond issued by the European Bank for Reconstruction and Development (EBRD) on February 13, 2015. The two-year bond totaling GEL 25 million has a floating rate 20 basis points above the National Bank of Georgia 91-day Certificate of Deposit rate, with quarterly coupon payments. EBRD was the first issuer of floating rate notes on the domestic market in March 2014.

JSC Galt & Taggart served as the sole placement agent for the first ever local currency bond offering in Georgia by IFC, a member of the World Bank Group. IFC completed the GEL 30 million issuance at a coupon rate of 6.924%, with a maturity of two years, on February 17, 2015.