24th Apr 2024 11:23
TBC Bank Group PLC - Tbilisi, Georgia-based lender - Prices new capital notes worth USD300 million with a 10.25% yield. Says the perpetual subordinated callable additional tier one capital notes will further strengthen the bank's capital base and support its growth and sustainable development. The notes are expected to be listed on Euronext Dublin's Global Exchange Market, settled on or around Tuesday next week. Says the bookbuilding follows a series of debt investor calls and enjoyed "strong" investor appetite. This includes institutional investors from the UK Europe and the US representing "at least three quarters" of the final deal size. Read More
