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IN BRIEF: TBC Bank subsidiary launches USD100 million note tender

23rd Mar 2022 12:45

TBC Bank Group PLC - Tbilisi, Georgia-headquartered lender - JSC TBC Bank subsidiary launches tender for up to USD100.0 million of its issue of USD300.0 million in 5.75% notes due 2024. The minimum purchase price will be USD910 per USD1,000 in principal amount, plus accrued interest. The notes purchased will be cancelled to reduce debt. The dealer manager will be Renaissance Securities.

Current stock price: 1,022.00 pence

12-month change: down 6.4%

By Tom Waite; [email protected]

Copyright 2022 Alliance News Limited. All Rights Reserved.


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TBC Bank Group
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