With the cooperation of the Asian Development Bank (ADB) and the Joint Stock Company (JSC) Georgia Capital the first sustainability-linked bonds of Georgia Capital were issued. The ADB, as a strategic partner, provided substantial support to the company to obtain this innovative tool. This is ADB's first investment in a private sector sustainability bond.
Georgia Capital has issued a five-year bond worth USD 150 million ($). It is the largest debt obligation listed on the Georgian stock exchange and the largest sustainability-linked bond in Georgia and the Caucasus. The ADB will invest $16 million in these bonds, and the proceeds will be used to refinance investments in renewable energy and education, and support corporate activities to achieve the group's key performance indicators related to sustainability.
Georgian Capital is one of the largest private investment companies in Georgia. Its diverse portfolio includes banking and insurance, healthcare, renewable energy, water services, education, residential and hospitality. Open Joint Stock Company Georgia Capital - Georgia Capital JSC owner company is registered on the London Stock Exchange. The ADB and the companies included in the portfolio of Georgian Capital have been cooperating since 2019.
The ADB's mission is to contribute to the successful, multilateral and sustainable development of the Asia-Pacific region. At the same time, it still works to eradicate extreme poverty in the region. The organization founded in 1966 unites 68 countries, including 49 from the Asian region.
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