Lion Finance Group announces that JSC Bank of Georgia priced USD 300,000,000 6.50% Notes due 2031
On Wednesday, 27 May 2026, Lion Finance Group PLC’s banking subsidiary in Georgia, JSC Bank of Georgia (the “Bank”) successfully priced a USD 300 million offering of 6.50% senior unsecured Notes (the “Notes”) due 3 June 2031. The Notes are denominated in USD and are expected to settle on 3 June 2026. The Notes are being issued in accordance with Reg S/Rule 144A and priced at 99.475% of the principal amount. The transaction attracted strong investor demand across international institutional accounts, with the orderbook over 3x oversubscribed at peak during the execution. Interest on the Notes will be payable semi-annually.
Citigroup and J.P. Morgan are acting as Joint Lead Managers and Bookrunners for the Notes, and JSC Galt & Taggart is acting as Joint Lead Manager. Sidley Austin LLP is acting as the legal advisor to the Joint Lead Managers in respect of English and United States federal law and Dentons Georgia LLC is acting as the legal advisor to the Joint Lead Managers in respect of Georgian law. Baker & McKenzie LLP is acting as the legal advisor to the Bank in respect of English and United States federal law and Andersen is acting as the legal advisor to the Bank in respect of Georgian law.
The Notes are expected to be listed on the Irish Stock Exchange and are rated Ba2 by Moody’s Investors Service Ltd.
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