Bank of Georgia Group PLC Redemption of JSC BOG's US$ 100 million AT1 notes

RNS Number : 6874P

Bank of Georgia Group PLC

23 May 2024

 

 

London, 23 May 2024

 

 

Redemption of JSC Bank of Georgia's US$ 100 million AT1 notes

 

On 22 May 2024, Bank of Georgia Group PLC's banking business subsidiary, JSC Bank of Georgia (the "Bank") issued a notice that it will redeem all of aggregate principal amount of the outstanding Notes equal to US$ 100,000,000 on 28 June 2024 (the "First Reset Date"). The Issuer will redeem the Notes for cash at the redemption price, being the sum of the outstanding principal amount of the Notes and an amount equal to the accrued and unpaid interest for the current interest period to (but excluding) the First Reset Date (the "Redemption Price"). There will not be any partial redemption of the Notes.

 

The redemption of outstanding AT1 notes highlights the Bank's strong capital position and high levels of internal capital generation, reflecting its robust financial health.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Name of authorised official of issuer responsible for making notification: Nini Arshakuni, Head of Investor Relations

 

 

About Bank of Georgia Group PLC

Bank of Georgia Group PLC (LSE: BGEO LN) is a FTSE 250 holding company whose subsidiaries provide banking and financial services focused in the high-growth Georgian and Armenian markets through leading, customer-centric, universal banks - Bank of Georgia in Georgia and Ameriabank in Armenia. By building on our competitive strengths, we are committed to driving business growth, sustaining high profitability, and generating strong returns, while creating opportunities for our stakeholders and making a positive contribution in the communities where we operate.

 

Legal Entity Identifier: 213800XKDG12NQG8VC53

 

 

For further information, please visit www.bankofgeorgiagroup.com or contact:

 

Michael Oliver	Nini Arshakuni
Adviser to the CEO	Head of Investor Relations
[phone]	[phone] (7515)
[e-mail]	[e-mail]

 

 

---

This news report is presented for general informational purposes only and should not be construed as an offer to sell or the solicitation of an offer to buy any securities

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [e-mail] or visit www.rns.com.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.

 

END

 

 

MSCPPUQCAUPCGUW