PROJECT

Projects

Summary of Investment Information

Project Number

48231

Company Name

GEORGIA CAPITAL, JSC

Date SPI Disclosed

Aug 8, 2023

Country

Georgia

Region

Europe

Projected Board Date

Jul 17, 2023

Environmental Category

B - Limited

Status

Active

Last Updated Date

Aug 12, 2023

Department

Regional Industry MAS LAC & EUR

Industry

Financial Markets

Previous Events

Approved : Aug 4, 2023
Signed : Aug 5, 2023
Invested : Aug 8, 2023

Sector

Portfolio Management Company

Project Description

The proposed IFC investment supports the issuance of a 5-year, US$150 million sustainability-linked bond (“SLB”) on the Georgia Stock Exchange (“GSE”) by Georgia Capital JSC (“GCap”), with an own-account subscription of up to US$30 million as an anchor investor (the “Project”).

GCap is an investment holding company focusing on buying, building and developing businesses in Georgia. Its portfolio is diversified across key sectors in Georgia, including banking, pharmaceuticals, healthcare, insurance, utilities, hospitality, education, and renewable energy.

Sponsor / Cost / Location

Development Impact

E&S Category Rationale / Risks and Mitigation