Sidley represented the Joint Lead Managers (Citigroup and J.P. Morgan, BCP, Oppenheimer, and Société Générale) on Bank of Georgia’s GEL 450 million offering of 11.50% senior unsecured notes due 17 November 2028. The Reg S/Rule 144A notes are denominated in GEL and have been issued on 17 November 2025 with a listing on Euronext Dublin.
Sidley advised the Joint Lead Managers on English law and U.S. law aspects of the offering. This deal represents the largest private-sector local-currency Eurobond across the Caucasus, Turkey, and Central Asia in 2025.
Sidley’s cross-border team was led by partners Vladimir Mikhailovsky and David Stewart, with support from counsel Omar Shafi, managing associates Tamara Fayad and Emenike Omeye, and trainee Chidi Onyeagucha.
