IN BRIEF: Lion Finance's subsid completes USD50 million notes placing
Lion Finance Group PLC - Tbilisi-based lender in Georgia and Armenia, formerly known as Bank of Georgia - Armenian banking subsidiary, Ameriabank CJSC, completes the placement of USD50 million 8.0% perpetual subordinated callable additional tier 1 capital notes. The placement was conducted in the domestic market in accordance with local regulations and represents the second tranche of a USD100 million issuance programme. The first tranche was placed in February. Hovhannes Toroyan, Ameriabank's chief financial officer comments: "Following the success of the first tranche, the second tranche of AT1 notes was also fully allocated well ahead of the planned timeline, further demonstrating Ameriabank's strong franchise value and the high level of investor trust in the bank. The second tranche was placed at a yield to maturity 50 basis points lower than the first tranche, reflecting robust investor demand. By further strengthening our capital position, this transaction enhances our financial resilience and provides greater capacity to support our growth." Read More