26th Jun 2019 18:31
(Alliance News) - TBC Bank Group PLC said Wednesday it has priced a debut USD125 million additional tier one capital perpetual subordinated notes issue with a 10.8% yield.
The issue was priced off an orderbook which peaked at USD230 million and are expected to be listed on Euronext Dublin on or about Wednesday next week.
An application might be made for the notes to be listed on the JSC Georgian Stock Exchange, which would make it the first dual-listed offering of tier one capital notes from Georgia.
JP Morgan, Renaissance Capital and UBS Investment Bank acted as joint bookrunners and joint lead managers for the notes.
TBC Capital is acting as joint lead manager.
Shares in the Georgian bank closed 1.0% lower at 1,604.00 pence on Wednesday.
Related Shares:
TBC Bank Group