| Project Detail |
Location:
Georgia
Project number:
53757
Business sector:
Municipal and environmental infrastructure
Notice type:
Private
Environmental category:
B
Approval date:
17 Jul 2024
Status:
Signed
English-language PSD published:
26 Jul 2024
As permitted by paragraph 2.6 of Section III of the Access to Information Policy, disclosure of this PSD was deferred in accordance with paragraph 1.4.4 of the Directive on Access to Information.
Project Description
USD 40 million subscription in the USD 300 million 5-year unsecured green Eurobond issue (the "Green Bond"), listed on the Irish Stock Exchange, issued by JSC Georgia Global Utilities (the "Company" or "GGU"), a joint stock company incorporated in Georgia (the "Project").
This is the second Green Bond issued by the Company, underpinned by its newly developed Green Bond Framework aligned with Green Bond Principles, as validated by an independent second party opinion.
Project Objectives
The Eurobond proceeds will finance or refinance green investments, enabling the Company to refinance existing debt and finance the mandatory investments for the next regulatory period. |
