Dentons has advised the EBRD and Swedfund on the transaction.
The European Bank for Reconstruction and Development (EBRD) is lending US$35 million to the Bank of Georgia, while Sweden’s development finance institution, Swedfund will provide an additional US$15 million, for a total of US$50 million.
The financing package consists of Basel III-compliant Additional Tier 1 (AT1) parallel capital loans, which the National Bank of Georgia has approved for inclusion in the Bank of Georgia’s Tier 1 capital. This transaction marks the first time the EBRD is providing such an instrument to a partner institution in the economies where it operates.
Partner Avto Svanidze (Picture) led the Dentons team, supported by associate Sopho Mebonia and a group of junior associates.
Involved fees earner: Sopho Mebonia – Dentons; Avto Svanidze – Dentons;
Law Firms: Dentons;
Clients: European Bank for Reconstruction and Development; Swedfund International AB;
