Georgia Capital announces IPTs for USD 6-yr

LONDON, March 5 (IFR) - * IPTs 6.625% area. Issue size: expected US$300m. Maturity Mar 9, 2024. Today's business.

JSC Georgia Capital (formerly JSC BGEO Investments), the Georgian Holding company representing the investment business of BGEO Group (Frankfurt: A1JRZ7 - news) (the “Group”), which will be demerged from the Group’s banking business in 2018, has mandated Citi and J.P. Morgan (Other OTC: MGHL - news) as Joint Bookrunners and Joint Lead Managers and Renaissance Capital as a Joint Lead Manager, to arrange a series of fixed income investor meetings in London and the US commencing on February 22.

A Reg S/144A senior unsecured US$-denominated bond offering with a 5 year bullet maturity will follow, subject to market conditions. The offering is expected to be rated B+ by S&P and B2 by Moody's (in line with expected corporate credit rating of the issuer). FCA/ICMA stabilization applies. Manufacturer target market (MIFID II product governance) is eligible counterparties and professional clients only (all distribution channels). No PRIIPs key information document (KID (Oslo: KID.OL - news) ) has been prepared as not available to retail in EEA.

Roadshow (HKSE: 0888-OL.HK - news) schedule: Thu, 22 Feb: London Fri, 23 Feb: London Mon, 26 Feb: Miami Tue, 27 Feb: Miami Wed, 28 Feb: Miami Thu, 1 Mar: New York