TBILISI, Georgia--(BUSINESS WIRE)--
Notice Of Redemption of Loan Participation Notes
Reference is made to the issue of US$200,000,000 9.0 per cent. Loan Participation Notes due 2012 (ISIN:XS0283756624; Common Code:028375662) (the "Notes") issued by BG Finance B.V. (the "Issuer") for the sole purpose of funding a loan (the "Loan") to JSC Bank of Georgia (the “Bank”) pursuant to a loan agreement dated 6 February 2007 between the Issuer and the Bank (the "Loan Agreement").
In accordance with the terms and conditions of the Notes, on 8 February 2012 (the "Maturity Date") the Notes were redeemed in full. Notes with a par value of US$144, 493,000 had been acquired by the Bank prior to the Maturity Date and the remaining Notes (with a par value of US$55,507,000) were repaid on the Maturity Date.
A notice regarding the redemption has been sent to the holders of the Notes.
For more information contact:
Thea Jokhadze
Head of Funding
29a Gagarin Street
Tbilisi 0160 Georgia
tjokhadze@bog.ge
About Bank of Georgia
Bank of Georgia is the leading Georgian bank, based on total assets (with a 35.6% market share), total loans (with a 34.5% market share) and client deposits (with a 35.6% market share) as of 31 December 2011, all data based on standalone financial information filed by banks in Georgia with the National Bank of Georgia. The Bank offers a broad range of corporate banking, retail banking, wealth management, brokerage and insurance services to its clients.
Bank of Georgia has, as of the date hereof, the following credit ratings:
| Standard & Poor’s | ‘BB-/B’ | |
| FitchRatings | ‘BB-/B’ | |
| Moody’s | ‘B1/NP’ (FC) & ‘Ba3/NP’ (LC) |
For further information, please visit www.bog.ge/ir or contact:
| Irakli Gilauri | Macca Ekizashvili | |
| Chief Executive Officer | Head of Investor Relations | |
| +995 322 444 109 | +995 322 444 256 | |
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.