Tbilisi (GBC) - Nikora Trade has placed the 2nd final tranche of GEL 60 million within the framework of GEL 120 million bond program, at 11.6% (TIBR3M + 3.50%).

The issuer will use the raised funds for the construction of a logistics center in Tbilisi.

Investor demand for the bonds exceeded the volume of securities.

“This is the 8th transaction since 2016, 7 of which were carried out in cooperation with TBC Capital. This is also the 7th transaction for TBC Capital on the Georgian securities market this year: this year we participated in an issue of more than 300 million GEL. TBC Capital is the market leader with a 68% share,” - Otar Sharikadze, Director of TBC Capital said.