Bank of Georgia Group PLC Redemption of JSC BOG's US$ 100 million AT1 notes
23 Mayo 2024 - 6:00AM
RNS Regulatory News
RNS Number : 6874P
Bank of Georgia Group PLC
23 May 2024
London, 23 May
2024
Redemption of JSC Bank of
Georgia's US$ 100 million AT1 notes
On 22 May 2024, Bank of Georgia
Group PLC's banking business subsidiary, JSC Bank of Georgia (the
"Bank") issued a notice
that it will redeem all of aggregate principal amount of the
outstanding Notes equal to US$ 100,000,000 on 28 June 2024 (the
"First Reset Date"). The
Issuer will redeem the Notes for cash at the redemption price,
being the sum of the outstanding principal amount of the Notes and
an amount equal to the accrued and unpaid interest for the current
interest period to (but excluding) the First Reset Date (the
"Redemption Price"). There
will not be any partial redemption of the Notes.
The redemption of outstanding AT1
notes highlights the Bank's strong capital position and high levels
of internal capital generation, reflecting its robust financial
health.
Name of authorised official of
issuer responsible for making notification: Nini Arshakuni, Head of
Investor Relations
About Bank of Georgia Group PLC
Bank of Georgia Group PLC (LSE: BGEO
LN) is a FTSE 250 holding company whose subsidiaries provide
banking and financial services focused in the high-growth Georgian
and Armenian markets through leading, customer-centric, universal
banks - Bank of Georgia in Georgia and Ameriabank in Armenia. By
building on our competitive strengths, we are committed to driving
business growth, sustaining high profitability, and generating
strong returns, while creating opportunities for our stakeholders
and making a positive contribution in the communities where we
operate.
Legal Entity Identifier:
213800XKDG12NQG8VC53
For
further information, please visit www.bankofgeorgiagroup.com
or
contact:
Michael Oliver
|
Nini Arshakuni
|
Adviser to the CEO
|
Head of Investor
Relations
|
+44 203 178 4034
|
+995 322 444 444 (7515)
|
moliver@bgeo.com
|
ir@bgeo.com
|
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