Last Updated January 18, 2008
Bank of Georgia has closed a US$65mn senior loan facility arranged by Merrill Lynch International. The deal carries a tenor of 13 months, and has the option to be extended to 24 and 36 months.
"I am delighted that we have started 2008 by continuing the build-up of our capital base to further finance our growth. This transaction demonstrates that despite difficult credit market conditions Bank of Georgia is able to attract funding in international financial markets,” comments Nicholas Enukidze, acting chairman of the supervisory board.
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