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Georgia Capital gives redemption price for 6 1/8% notes due 2024
By Marisa Wong
Los Angeles, Sept. 5 – JSC Georgia Capital announced the redemption price for its 6 1/8% notes due 2024 (ISINs: XS1778929478, US373143AA49).
As announced on Aug. 9, the issuer called the remaining $16,601,000 of the notes for redemption on Sept. 4.
The redemption price per $1,000 principal amount was $1,030.50, including $29.77 for accrued interest and $1,000.73 for the make-whole premium.
For the $16,601,000 outstanding amount of notes, the company paid $17,107,389.36. The aggregate purchase price comprises $494,283.25 of accrued interest and $16,613,106.11 for the make-whole amount.
The redemption follows a tender offer for the notes. There was originally $300 million of the notes.
Georgia Capital is a Tbilisi, Georgia-based holding company focused on investment in developing businesses in Georgia.
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