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TBC Bank prices $300 mln Senior Unsecured Notes
TBC Bank prices $300 mln Senior Unsecured Notes.
About this update from Tbc Bank Group Plc
[{"type":"text","content":"\n \nRNS Number : 0249C TBC Bank Group PLC 12 June 2019 \n\n\n\n\nTBC Bank prices US$300 million inaugural Senior Unsecured Notes\n \nNOT FOR PUBLIC RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN OR INTO ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OF SUCH JURISDICTION\n \nOn Wednesday, 12 June JSC TBC Bank (the \"Bank\"), the largest bank in Georgia by all key metrics, successfully priced a debut US$300 million 5-year 5.75% (6% yield) senior unsecured bonds issue (the \"Notes\"), representing the lowest ever yield achieved by a Georgian issuer in international debt capital markets. The orderbook was well subscribed and peaked at over US$700m. The Notes are being issued in accordance with Rule 144A and Regulation S. \n \nThe Notes are expected to be listed on the regulated market of Euronext Dublin on or about 19 June 2019 and to be rated Ba2 by Moody's and BB- by Fitch. An application may be made to list the Notes on JSC Georgian Stock Exchange, making it the first dual-listed international offering of senior unsecured Notes from Georgia. \n \nJ.P. Morgan, Renaissance Capital and UBS Investment Bank are acting as Joint Bookrunners and Joint Lead Managers for the Notes, and TBC Capital is acting as Joint Lead Manager. Baker & McKenzie LLP and Dentons Georgia LLC are acting as legal advisors to the Bank, while Latham & Watkins LLP and BGI Advisory Services Georgia LLC are acting as legal advisors to the Joint Bookrunners.\n \nTHE SECURITIES REFERRED TO IN THIS ANNOUNCEMENT ARE NOT INTENDED TO BE SOLD AND SHOULD NOT BE SOLD TO RETAIL CLIENTS IN THE EUROPEAN ECONOMIC AREA (\"EEA\"), AS DEFINED IN THE RULES SET OUT IN THE MARKETS IN FINANCIAL INSTRUMENTS DIRECTIVE 2014/65/EU (\"MiFID II\"), AS AMENDED OR REPLACED FROM TIME TO TIME.\n \nThis announcement is directed only at persons (i) outside the United Kingdom; (ii) that have professional experience in matters relating to investments falling within Article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (the \"Order\"); (iii) falling within Article 49(2)(a) to (d) (\"high net worth companies, unincorporated associations etc.\") of the Order; or (iv) to whom this announcement may otherwise be directed without contravention of Section 21 of t...