Healthcare services business prices a GEL 350 million bond offering
Georgia Capital PLC (the “Company” or “GCAP”) announces that JSC Georgia Healthcare Group (“GHG”), the Georgian holding company of GCAP’s healthcare services1 business, has successfully priced a GEL 350 million secured social bond offering (the “Notes”) on the Georgian market. The Notes are GEL- denominated with 5-year bullet maturity and carry a floating coupon, as determined by Tbilisi Interbank Interest Rate (Non-Cumulative Compounded Daily TIBR) plus 375 basis points. The Notes are issued at par and are rated BB- by Scope Ratings. Settlement of the transaction is expected on 17 September 2025, followed by admission to the Georgian Stock Exchange.
GHG obtained a Second-Party Opinion from Scope, confirming that its Social Bond Framework aligns with ICMA’s 2023 Social Bond Principles. Galt & Taggart and TBC Capital acted as placement agents for the issuance of the Notes. The issuance was supported by long-standing partner international financial institutions (“IFIs”) – International Finance Corporation (“IFC”), and Asian Infrastructure Investment Bank (“AIIB”) along with local banks and Pension Fund of Georgia – whose participation represents the fund’s biggest investment in a single local bond issuance since its inception.
The proceeds will be used to refinance the issuer’s existing long-term loans and to finance capital expenditures in line with the Social Bond Framework. Upon completion, the Notes will constitute the business’ sole outstanding debt.
Irakli Gilauri, Georgia Capital Chairman and CEO commented: “I am pleased that our healthcare services business has successfully completed the largest-ever GEL-denominated corporate bond placement in Georgia. The transaction received very strong support from investors, demonstrating that Georgia’s capital markets continue to develop rapidly and, thanks to the support of local investment banks, Galt & Taggart and TBC Capital, have become a significant alternative source of capital for our group. I would like to thank the management team and our long-standing partners – IFC, AIIB, and Pension Fund of Georgia – whose efficient collaboration made this transaction a success. The Notes mark another important milestone for our group and once again reaffirm our superior access to capital.”
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Tbilisi City Hall to launch free lung cancer screening programme from May 1
29.04.2026.16:53
“Tbilisi City Hall is to begin funding a lung cancer screening programme from May 1,” Mayor Kakha Kaladze announced today at a session of the Tbilisi Municipal Government.
According to the Mayor of Tbilisi, free screening will be available to active smokers aged 45 to 75 who are registered in the capital, as well as to those who have quit smoking within the past fifteen years.
“We have helped countless families and individuals through the projects of our City Health and Social Services Agency. Tbilisi City Hall is now taking the next step by funding a lung cancer screening programme. From May 1, the procedure will be entirely free of charge for eligible residents and will be financed by the City Health and Social Services Agency under its Disease Screening Programme. Active smokers aged between 45 and 75 who are registered in the capital, as well as those who quit within the last fifteen years, will be entitled to a free lung cancer screening,” said Kakha Kaladze.
He added that the parameters of the screening programme, including the eligible age range, were determined in close consultation with leading specialists in oncology, radiology and pulmonology. Participating clinics and expert practitioners were selected based on their experience and qualifications.
“The screening will involve a low-dose computed tomography scan, which will be read independently by two radiologists. In the event of differing assessments, a case conference will be convened with the involvement of a third radiologist. Tbilisi City Hall has selected leading clinics that meet the required standards in terms of specialist expertise and technical infrastructure to deliver the programme. At this stage, sixteen medical institutions located across different parts of the capital will be participating in the programme,” the Mayor stated.
Kaladze also noted that lung cancer ranks first in the world for cancer-related mortality, and that screening of high-risk individuals aids in early detection and can increase survival rates by as much as seventy per cent.
