Tegeta Holding successfully completes another offering with support from TBC Capital

· In total, Tegeta has issued 200 million GEL bonds in the Georgian capital market in national currency.

“Tegeta Holdings”, Within the framework of the issuance of 30 million GEL national currency, 10 million GEL was invested, successfully completing the plan announced last December. The exclusive placement agent for this transaction was TBC Capital. It is worth noting that this is the first time in the history of the Georgian securities market that securities denominated in GEL are issued to retail customers.

Due to excessive demand, the interest rate on $10 million issued under the new program was raised to 13.5%. Bondholders will receive benefits twice a year. The maturity of the securities is set at two years.

Taking the last part into account, the amount of Tegeta’s securities denominated in GEL on the Georgian Stock Exchange is 200 million GEL.

Vakhtang Kacharava, Executive Officer, Tegeta Holding: “We are pleased to have successfully completed another offering together with our partner TBC Capital. These figures also clearly show that interest in “Tegeta” securities is growing.

The funds raised through the issuance of securities allow us to use this resource again to grow the company – expanding business activities while creating new jobs. We are grateful to our partner TBC Capital, with whose support we have successfully completed another project. ”

The number of bondholders shows the high diversity of the investor base. As part of the issuance that began in December, Tegeta’s fixed-rate bonds were purchased by 110 individuals for a total of 30,000,000 GEL, of which 80% were residents and 20% were non-residents. Among the controlling investors, there are also insurance companies.

All documents prepared within the framework of the program are public and available to interested persons. The exclusive placement agent for this transaction “TBS Capital” fully manages the current process.

Mary Chachanidze, Managing Director, TBC Capital: “I am very happy with ‘Tegeta Holding’ In the history of Georgian securities market denominated in GEL, The first bond issue for retail clients was successfully completed with the support of “TBS Capital” for a total of 30 million GEL. This issue is another proof of the fruitful cooperation between TBC Capital and Tegeta Holding. With GEL bonds, together with Tegeta Holding, we create alternative investment opportunities – we allow individuals to spend and save in one currency and preserve financial funds wisely. “TBS Capital”, as a leading investment bank, contributes to the implementation of innovative transactions and the launch of investment products on the market..

It is understood that “Tegeta” is the first company on the local securities market to be issued within the framework of the multi-currency program approved in 2024. According to the above program, it is planned to issue bonds with a total value of 30 million euros, and the first batch of bonds with a nominal size of 10 million euros is still possible to invest.

The minimum purchase amount of Eurobonds is 1,000 units of Euro. Investors receive income every 6 months, and the principal of the bond will be repaid within two years.

These securities are available to both legal and natural persons and can be purchased by residents and non-residents.

To date, “Tegeta Holding” has been listed on the Georgian Stock Exchange A-shares, issuing securities worth up to GEL 350 million. The main investors are financial organizations, private companies, pension institutions, natural resident and non-resident individuals, and the international financial institution Asian Development Bank. Tegeta is the first company in the region’s automotive industry to successfully issue green bonds. Within the framework of this issue, the company is committed to the development of the environmentally friendly transport sector and the corresponding infrastructure. The process is actively ongoing and will be completed within the stipulated time.

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About Tegeta Holdings: The largest automotive company in the Caucasus and Central Asia offers its customers a full range of automotive ecosystems, including light, truck and construction, as well as commercial, passenger and industrial transport. Tegeta has 28 service centers throughout the country and the holding conducts international trade on four continents. Tegeta exclusively represents well-known brands such as Porsche, Volvo, Toyota, Mazda. The holding’s partners in the field of trucks and special equipment are big brands such as MAN, JCB, HINO, Liebherr, BOMAG. Tegeta is the largest importer of more than 300 world-leading automotive brands in Georgia. With about 3,000 employees, Tegeta Holding is one of the largest employers in Georgia today.

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