With the support of TBC Capital, Tegeta’s next 30 million multi-coin plan is underway successfully

· Holds 10 million euros in capital marketsSa and $5 million in bonds freed

Another multi-currency securities program of Tegeta Holding is being successfully implemented. With the support of TBC Capital, the holding has issued securities worth 5 million USD in the capital markets. This issuance is the second phase of the 30 million multi-currency program approved in May 2024, the first phase of which was determined to be 10 million EUR, of which 7 million EUR bonds were issued in May.

The interest rate for bonds issued in euros is fixed at 6.75%, and for bonds issued in US dollars at 8.5%. These securities are available to legal and natural persons, both residents and non-residents.

The minimum bond purchase amount under the program is 1,000 currency units. Investors will receive returns every 6 months. The principal of the bond will be repaid within two years.

Manana Kinashvili, “Tegita Holdings“ Head of Investor Relations: “successfully Our work in progress Another multi-currency initiative,in 10 million Euros and $5 million Bonds let’s go. This is Tegita againI emissionthis also applies to individuals.

Tegeta is one of the active participants in the Georgian capital market. The interest of both organizations and individuals is growing, which indicates a high level of confidence in the holding. Taking into account the growing demand, we have conducted an event with individual participation for the tenth time in the past year alone.

We are pleased that the number of Tegeta bondholders is increasing dramatically. The funds released after the issuance will be used to expand the company’s business in local or international markets and activate new investment opportunities.”

The total amount of the planned issuance within the framework of the current multi-currency program is EUR 30 million equivalent. Subsequent issuance phases will be issued in EUR, USD or GEL according to the needs of the company and will be implemented within the next year.

Mary Chachanidze, Managing Director of TBC Capital: “We are delighted that the next multi-currency securities program of “Tegeta Holding” is running successfully with our support. By issuing bonds in EUR and USD, we are offering resident and non-resident individuals the opportunity to diversify their investments into alternative and different currencies. Equally important, the company will be able to use the financial resources obtained from this offering to expand into local and international markets. This multi-currency program is another proof of the successful cooperation between TBC Capital and “Tegeta Holding”.

To date, “Tegeta Holding” has issued up to 360 million GEL securities in the Georgian capital market. Tegeta’s bonds are listed on the Georgian Stock Exchange A-shares and investors include financial organizations, private companies, natural residents and non-resident individuals, as well as the international financial institution ADB. One of the pending transactions conducted by Tegeta Holding in the Georgian capital market is the issuance of 20 million GEL green bonds in June 2023. The transaction is the first green bond issued in the region’s automotive industry in the national currency. The funds raised from the bond issuance will be used entirely for green projects and will finance the import of zero-emission light, road and off-road electric vehicles. TBC Capital served as the placement agent for the above transaction in June 2023.

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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 company conducts international trade on four continents. Tegeta is the exclusive agent for well-known brands such as Porsche, Volvo, Toyota, Mazda. The holding partners in the field of trucks and special equipment are: MAN, JCB, HINO, Liebherr, BOMAG and other big brands. 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.