"The securities market has seen increased activity in recent years, a sentiment echoed by Ekaterine Mikabadze, Vice Governor of the National Bank of Georgia, during a press conference to mark the successful completion of the first and second tranches of bonds within the framework of the multi-currency program by the company IG Development Georgia with the support of Galt & Taggart. Mikabadze emphasized the importance of an active securities market for corporations to access alternative funding sources.

“Today marks an important moment in our financial landscape. IG Development Georgia, supported by Galt & Taggart, successfully executed another public offering on the Georgian securities market. The recent surge in market activity is not only noteworthy but also holds promise for corporations seeking diverse avenues of funding. Ekaterine Mikabadze, Vice Governor of the National Bank of Georgia, expressed her enthusiasm, stating, “The National Bank of Georgia welcomes this vibrant development and, within its mandate, remains committed to fostering the ongoing evolution of Georgia's securities market.”

At the press conference dedicated to the successful completion of the first and second tranches of by IG Development Georgia bonds under the multi-currency program, the company announced the issuance and placement of bonds totaling USD 20 million and EUR 5 million. The company anticipates additional tranches scheduled for release in 2024.