Sidley Advises the Joint Lead Managers on JSC Bank of Georgia’s US$300 Million Bond Offering

Sidley represented the Joint Lead Managers and Joint Bookrunners (Citigroup Global Markets Limited and J.P. Morgan Securities plc) and the Joint Lead Manager (JSC Galt & Taggart) on the successful offering by JSC Bank of Georgia of US$300 million 6.50% senior unsecured Notes due 2031. The Notes were issued pursuant to Regulation S and Rule 144A, and were listed on Euronext Dublin.

This transaction represents the first MREL-compliant USD Eurobond offering across the Caucasus and CIS regions.

The Sidley team was led by partners Vladimir Mikhailovsky and Omar Shafi, with support from associate Anastasia Sheyndlina and trainee solicitor Sepanta Tabatabaei (all Capital Markets).