The Ministry of Finance of Georgia says its debut syndicated issuance of treasury securities worth 400 million GEL was completed successfully on May 21.
The ministry notes the issue attracted strong interest from both local and international investors, with total demand reaching 1.8 billion GEL — 4.5 times higher than the issue volume.
Officials say high demand during the syndication process made it possible to reduce the yield in two stages and bring it close to the market price of existing securities with similar maturity.
The ministry says demand from non-resident investors reached 850 million GEL during the process.
With the final allocation of treasury bonds with a maturity of 5.9 years, 65% of the issue was allocated to non-resident investors and 35% to resident investors.
By investor type, 64% of the allocation went to international asset management companies, 24% to local insurance and pension funds, 11% to commercial banks, and 1% to international financial institutions.
The Ministry of Finance says interest from non-resident investors was geographically diversified, with 76% of foreign investors coming from the United Kingdom, 19% from the United States, and 5% from the European Union.
The ministry states the issue aimed to further develop Georgia’s securities market through diversified financial instruments and large-volume transactions, while also attracting more non-resident investors and increasing structural diversification of the investor base.
Officials say the transaction was carried out within the framework of the 1.8 billion GEL annual net increase in treasury securities envisaged by the 2026 state budget and will not lead to additional domestic debt growth.
