JSC Georgian Oil and Gas Corporation has successfully refinanced Eurobonds of the cost of USD 250 000 000 issued in 2016

26 April, 2021
JSC Georgian Oil and Gas Corporation (GOGC) has refinanced Eurobonds of the cost of USD 250 000 000 placed on London Stock Exchange in 2016.

Refinancing was performed using the funds allocated by the European Bank for Reconstruction and Development (EBRD) under the Loan Agreement and the Eurobonds were fully repaid on April 26, 2021.

GOGC signed the 10-Year Loan Agreement in September 2020. As a result of refinancing of Eurobonds, this loan significantly reduced the annual interest rate.
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1 GEL = 3.4399 USD