Black Sea Trade and Development bank

On June 27, 2018, GEL 50 million worth of 5-year bonds issued by Black Sea Trade and Development bank have been admitted to the category A listing of the Georgian Stock Exchange. Galt And Taggart acted as the placement agent and bookruner for the issue.

The floating rate coupon is paid quarterly at the rate of 3-months (91-days) National Bank of Georgia Certificate of Deposit (CD). Bonds will mature on June 27, 2023. The bonds were assigned a ticker - #BSB05N.