The Georgian government will allocate $1.7 million to the Ministry of Finance from the government’s reserve fund to cover service fees for international banks involved in the refinancing of Georgia’s Eurobond, according to a government decree dated September 28, 2026.
In spring 2026, the government prepaid a $500 million Eurobond through the issuance of new debt securities. The refinancing process involved major global banks, including Citi, JP Morgan, BofA Securities, Barclays, Morgan Stanley, BNP Paribas, Deutsche Bank, Goldman Sachs, HSBC, ICBC and Societe Generale.
According to the decree, GEL equivalent of $1.712 million will be allocated to the Ministry of Finance from the government reserve fund established under the 2026 state budget law.
The funds are specifically intended to cover the fees for services provided by the international banks involved in the Eurobond refinancing process.
