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Georgia Project Notice - Grcf2 W2 - Project Medea


Project Notice

PNR 63405
Project Name GrCF2 W2 - Project Medea
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.
Funded By European Bank for Reconstruction and Development (EBRD)
Sector Oil & Gas
Country Georgia , Western Asia
Project Value GEL 300,000,000

Contact Information

Company Name GEORGIA GLOBAL UTILITIES JSC
Web Site https://www.ebrd.com/work-with-us/projects/psd/53757.html

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