Government considering Eurobond issue to manage public debt - the Prime Minister

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28 November 2024, 22:35

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27 November

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Government considering Eurobond issue to manage public debt - the Prime Minister

04-03-2021 11:37

In order to effectively manage public debt, the Government is preparing for the issuance of a new Eurobond, said today the Prime Minister of Georgia.

“In 2011 Georgia placed USD 500 million in eurobonds on the London Stock Exchange with a maturity of 10 years, the principal of which comes due in April 2021. In order to repay the principle of the existing eurobond, it is necessary to attract financial resources by issuing a new eurobond.

To effectively manage debt - which means reducing the refinancing risks in the government debt portfolio, to repay the existing amount of the existing Eurobond - it is necessary to attract financial resources by issuing a new eurobond and we are preparing for this process”, - explained Irakli Garibashvili.

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