Georgia

A couple of debut issuers from the Middle East and two live debt exchanges are keeping bankers in CEEMEA busy this week and with several roadshows, albeit non-deal ones, in progress, the pipeline looks healthy.

Georgian Oil & Gas Corporation (GOGC) is preparing ground to issue the first Eurobond from Georgia since 2013 and is simultaneously offering to buy back for cash its existing July 2017s.

Bank of Georgia completed the IPO of its healthcare subsidiary on Monday, as it successfully priced the deal, although at a price much below what it had hoped for.

Bank of Georgia completed the initial public offering of its healthcare subsidiary on Monday, as it successfully priced the deal, although at a price much below what it had hoped for.

Georgia Healthcare Group launched on Monday its initial public offering on London’s main market, as it aims to follow in the footsteps of its sole owner, Bank of Georgia, which is already listed there.

In this round-up, Hong Kong and Taiwan RMB deposits shrink slightly while RMB cross-border trade settlement surges to new records in both Hong Kong and China, the RQFII programme reaches Rmb410bn ($80bn), Georgia and Kyrgyzstan work on establishing RMB swap lines with China, and Nanning authorities plan a new China-ASEAN currency index.

Georgia fertiliser firm, Rustavi Azot postponed its $180m five year non-call three bond on Wednesday, having released initial price guidance for the deal a week before.

Georgia fertiliser firm, Rustavi Azot has postponed its $180m five year non-call three bond, having released initial price guidance for the deal a week ago.

CEEMEA supply is stumbling, with the week’s tally at one deal priced and one deal pulled. But Latin American offers hope of more fresh paper, with Mexican, Brazilian and Caribbean corporates all readying deals.

Georgian firm Rustavi Azot has held price guidance for its $180m five year non-call three notes at 12.5%-13% and is expecting to price the deal later on Monday.

Georgian firm Rustavi Azot released price guidance for its $180m five year non-call three notes on Thursday, and now expects to price the bond on Monday.

Rustavi Azot released price guidance for its $180m five year non-call three notes and now expects to price the bond on Monday.