Project Notice |
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| PNR | 61856 |
| Project Name | TBC - AT1 Capital Notes |
| Project Detail | Location: Georgia Project number: 55247 Business sector: Financial institutions Notice type: Private Environmental category: FI Approval date: 10 Apr 2024 Status: Signed PSD disclosed: 25 Apr 2024 An investment of USD 60 million in USD 300 million Basel III compliant Perpetual Subordinated Callable Additional Tier 1 Capital Note issuance by JSC TBC Bank (TBC). Notes will be listed on Euronext Dublin (Global Exchange Market) with expected issue rating of B2 by Moodys. Project Objectives The proposed investment in AT1 Capital Notes supports the resilience of a systemic financial institution in Georgia by (i) strengthening its capital position to maintain prudent capital buffers, (ii) insulating the banks capital base against the currency depreciation, and (iii) enabling uninterrupted lending to the real economy. |
| Funded By | European Bank for Reconstruction and Development (EBRD) |
| Sector | Forestry |
| Country | Georgia , Western Asia |
| Project Value | GEL 300,000,000 |
Contact Information |
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| Company Name | TBC BANK JSC |
| Web Site | https://www.ebrd.com/work-with-us/projects/psd/55247.html |
