GWP issued 6,000 bonds with nominal value of GEL 1,000 each. Placement agents and underwriters are PASHA Bank Georgia and Galt & Taggart. The bonds have a 2-year tenor with quarterly coupon payments. Coupons are referenced on National Bank of Georgia refinancing rate and carry a margin of 7.5% over …
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International rating agency Fitch has assigned rating to company Georgian Water and Power (GWP). The company’s rating has been determined by ‘BB-‘. The Outlook is Stable. The ratings are supported by high reliability of the company, efficiency, and system management of “Georgian Water and Power”. The rating reflects trust in the …
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The construction of Saguramo Hydro Power plant started in Georgia today, The Minister of energy of Georgia Kakha Kaladze and General director of Georgian water and power Giorgi Tskhadze attended the opening ceremony. According to the Ministry of Energy The hydropower plant will have a total output of 4.6 MW and annual output …
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PASHA Bank issued term loan facilities to Georgian Water & Power and Rustavi Water Company of GEL 12.5 million and GEL 10 million respectively. Combined exposure of the Bank to the borrower’s parent company, Georgian Global Utilities, amounts to GEL 22.5 million. The borrowers are regulated water utilities serving Tbilisi …
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