Tbilisi (GBC) - Otar Sharikadze, Director of TBC Capital, while assessing the issuance of treasury securities by the Ministry of Finance, stated that a new type of securities was issued, which is used by many European countries, which once again emphasizes the development of the capital market in Georgia.
According to him, the placement of treasury securities in the amount of 400 million GEL, carried out through the syndication method, aroused great interest among investors.
TBC Capital, as a leading investment bank, was involved in this transaction as placement agents and indeed saw quite a lot of interest, especially from international players. It was important that 65% of the buyers were foreign players, most of whom are very well-known international asset managers. It seems that these companies and funds are actively looking at Georgia and are buying not only Eurobonds, but also Georgian securities. This means that the Georgian capital market is developing and offering more and more interesting products to such investors, which is very important," said Otar Sharikadze, Director of TBC Capital.
He congratulated the Ministry of Finance team on the second transaction carried out this year after the Eurobonds and noted that the results of the transaction once again confirm the high interest of international investors in the Georgian securities market.