The Ministry of Finance of Georgia has announced the results of a treasury securities issuance carried out through a syndication.

“On May 21, 2026, the Ministry of Finance of Georgia issued treasury bonds with a nominal value of 400,000,000 lari and an initial maturity of 5.9 years by way of syndication.

It is noteworthy that this marks the first occasion on which Georgian treasury securities have been placed by means of syndication. The syndication process recorded exceptionally strong investor activity. Interest in the securities was expressed by both resident and non-resident investors, resulting in a total demand of approximately 1.8 billion lari, exceeding the issuance volume by a factor of 4.5. The coupon rate was set at 9 per cent.

It should be noted that the issuance was carried out within the bounds of the total annual net growth in treasury securities as prescribed by the 2026 state budget.

Leading domestic investment banks, Galt & Taggart JSC and TBC Capital LLC, served as Joint Lead Managers for the issuance.

Key financial indicators: Issuance volume: 400,000,000 lari; Maturity: 5.9 years; Bid-to-Cover ratio: 4.5x; Coupon rate: 9%; Joint Lead Managers: Galt & Taggart & TBC Capital,” reads the statement issued by the Ministry of Finance of Georgia.