Georgian Debt Capital Market Becoming More Attractive to International Investors
For the first time the CIS, Baltic States and Caucasus Bond Congress took place in Georgia, the 13th such Congress, organized by Cbonds in partnership with Galt & Taggart. In the course of the two-day event, June 16-17, domestic bond mark development issues were discussed.
Participants of the Congress discussed such themes as economic development, the financial system and bond market of Georgia, the Eurobond market and macro-economic development and financial market prospects. The Congress also includes thematic sections according to each country and their bond markets: Azerbaijan, Kyrgyzstan, Armenia, Russia, Ukraine, Kazakhstan and Belarus.
“Galt & Taggart plays an important role in the development of the debt capital market in Georgia,” said Archil Gachechiladze, Chairman of the Supervisory Board of Galt & Taggart. “Local companies which have strong corporate governance with the active support of Galt & Taggart have the opportunity to diversify their financing structure through corporate bonds from money recruiting. Our company successfully attracted 114 million GEL denominated and USD 60 million denominated bonds to Georgian corporations and international financial institutions in 2014-2015,” he said, adding that recent events in the country have led to the Georgian debt capital market becoming even more attractive to international investors.
The CIS, Baltic States and Caucasus Bond Congress by tradition takes place in different cities of Western and Eastern European countries. Gachechiladze said that the naming of Georgia as host-country once again proved its important role to the international community.
“We see great potential in the Georgian debt markets and will continue to support them. We are also deeply convinced that the international investors’ interest in the region, and in particular in Georgia, will increase in the future,” he added.
The Congress gathered 200 delegations from 14 countries, which included banks, the leading investment companies and infrastructure organizations.
Eka Karsaulidze