Tbilisi (GBC) - The Pension Fund of Georgia has invested $20 million in the 500 million Eurobonds issued by the government in January 2026. According to the fund’s financial report, this is a two-fold increase compared to the previous investment ($9.9 million).

The interest rate on the new 5-year securities is 5.12%.

It is worth noting that despite the global increase in interest rates, Georgia’s risk spread (the difference with US Treasury bonds) has decreased from 2.35% to 1.3% compared to 2021, which indicates an increase in investor confidence.

The Georgian government refinanced its 2021 Eurobonds on January 23 of this year.