Business
Bank of Georgia priced GEL 450m 11.50% Notes
Lion Finance Group PLC's banking subsidiary, JSC Bank of Georgia, has successfully priced GEL 450,000,000 of 11.50% senior unsecured Notes due 2028, with an issue price of 100% and semi-annual interest payments. These Notes, expected to settle on November 17, 2025, are rated Ba2 by Moody's Investors Service Ltd. and are anticipated to be listed on the Irish Stock Exchange. Disclaimer*
About this update from Lion Finance Group Plc
[{"type":"text","content":"\n\n\n \nNOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN OR INTO, OR TO ANY PERSON LOCATED OR RESIDENT IN, ANY JURISDICTION WHERE IT IS UNLAWFUL TO RELEASE, PUBLISH OR DISTRIBUTE THIS ANNOUNCEMENT. IN PARTICULAR, NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN OR INTO, OR TO ANY PERSON LOCATED OR RESIDENT IN, THE UNITED STATES, ITS TERRITORIES AND POSSESSIONS, ANY STATE OF THE UNITED STATES OR THE DISTRICT OF COLUMBIA (THE \"UNITED STATES\").\n \nLondon, 11 November 2025\n \nLion Finance Group announces that JSC Bank of Georgia priced GEL 450,000,000 11.50% Notes due 2028 \n \nOn Monday, 10 November 2025, Lion Finance Group PLC's banking subsidiary in Georgia, JSC Bank of Georgia (the \"Bank\") successfully priced a GEL 450 million offering of 11.50% senior unsecured Notes (the \"Notes\") due 17 November 2028. The Notes are denominated in GEL and are expected to settle on 17 November 2025. The Notes are being issued in accordance with Reg S/Rule 144A and sold at an issue price of 100%. Interest on the Notes will be payable semi-annually.\nCitigroup and J.P. Morgan are acting as Joint Lead Managers and Bookrunners for the Notes, BCP Securities, Oppenheimer Europe, Société Générale and JSC Galt & Taggart are acting as Joint Lead Managers. Sidley Austin LLP is acting as the legal advisor to the Joint Lead Managers in respect of English and United States federal law and Dentons Georgia LLC is acting as the legal advisor to the Joint Lead Managers in respect of Georgian law. Baker & McKenzie LLP is acting as the legal advisor to the Bank in respect of English and United States federal law and Andersen is acting as the legal advisor to the Bank in respect of Georgian law.\nThe Notes are expected to be listed on the Irish Stock Exchange and are rated Ba2 by Moody's Investors Service Ltd.\nDisclaimer\n \nIn member states of the European Economic Area, this Announcement is only addressed to and is only directed at persons who are qualified investors (\"Qualified Investors\") within the meaning of Article 2(1)(e) of the Regulation (EU) 2017/1129.\n \nIn the United Kingdom (\"UK\"), this Announcement is only addressed to and is only directed at persons who are qualified investors (\"Qualified Investors\") within the meaning of Article 2(1)(e) of the Regulation (EU) 2017/1129 as it forms part ...