Information  X 
Enter a valid email address

JSC Bank of Georgia (BGEO)

  Print      Mail a friend

Thursday 09 June, 2011

JSC Bank of Georgia

Statement re Cancellation of Notes

Statement re Cancellation of Notes

Bank of Georgia

NOTICE OF CANCELLATION

relating to the

U.S.$200,000,000 9.0 per cent. Loan Participation Notes due 2012 issued by BG Finance B.V.

(ISIN: XS0283756624
Common Code: 028375662)

Reference is made to the U.S.$200,000,000 9.0 per cent. Loan Participation Notes (the "Notes") due 2012 issued by BG Finance B.V. (the “Issuer”) for the sole purpose of funding a loan (the "Loan") to Joint Stock Company Bank of Georgia ("JSC Bank of Georgia").

JSC Bank of Georgia has purchased Notes in a principal amount of US$69,818,000 with its excess cash and these Notes have now been cancelled. Accordingly, at the date of this notice, US$70,114,000 in aggregate principal amount of the Notes remains outstanding. In accordance with the provisions of Clause 7.6 of the Loan Agreement dated 6 February 2007 between JSC Bank of Georgia and BG Finance B.V., JSC Bank of Georgia has been credited with the prepayment of US$69,818,000 of the principal amount of the Loan together with accrued interest on such amount of the Loan.

For more information contact:

Thea Jokhadze
JSC Bank of Georgia
3 Pushkin Street
Tbilisi 0105
Georgia
Tel.: +995 32 444 192
Email:tjokhadze@bog.ge