Silk Road Group Holding successfully completed a landmark international bond offering of $400 million, marking the largest private corporate issuance in Georgia's history and effectively reopening the market for Georgian borrowers.
The demand for the five-year senior notes significantly exceeded the offer, with the orderbook reaching over $1.3 billion, underscoring robust global investor confidence in the Group's growth trajectory and the wider Georgian economy at large. The 7.50% bond issuance has been primarily designated for the repayment of the company's existing $300 million Eurobond that was issued back in 2022.
Chairman George Ramishvili highlighted the transaction as a defining moment, asserting that it serves as a strong signal that other Georgian private sector companies can also successfully access international capital markets. The proceeds will be strategically used to simplify the company’s capital structure, strengthen its balance sheet, and position the diversified group for its next phase of growth across its core sectors, including telecommunications, real estate, hospitality, and infrastructure. The Group's credit profile was affirmed by Fitch Ratings at "BB-", a strong assessment that reflects the company's stability and long-term credibility.
