First Vice Governor of the National Bank of Georgia Ekaterine Mikabadze participated in an event dedicated to the successful placement of EUR 11 million in 2-year bonds under Tegeta Holding’s USD 60 million bond program. TBC Capital acted as the exclusive placement agent for the issuance.

According to Ekaterine Mikabadze, the growing momentum of bond issuances in Georgia’s capital market reflects an important trend toward the diversification of corporate financing sources and increasing investor interest.

“Last year was record-breaking, as Georgian companies representing various sectors carried out public bond issuances totaling GEL 1.6 billion, a 3.3-fold increase year-on-year. It is particularly encouraging that this trend has continued into 2026. The growth demonstrates both increasing confidence in the market and companies’ readiness to actively utilize the capital market to finance their development,” Ekaterine Mikabadze stated.

She further noted that the development of the bond market is directly linked to rising investor interest and the diversification of financial instruments.

“Strengthening the capital market creates greater opportunities for companies and broader investment choices for investors. Transactions of this kind lay the foundation for a sustainable and resilient financial system over the long term,” she added.

The bonds were issued with a coupon rate of 6.25%, representing the lowest rate achieved for euro-denominated bonds in Georgia’s capital market over the past five years.

Tegeta Holding remains one of the most active issuers in Georgia’s capital market, having completed 20 public issuances in the local market to date, including 11 successful public offerings in partnership with TBC Capital. The securities will be listed on the Tbilisi Stock Exchange.