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EUGBC

MGALOBLISHVILI KIPIANI DZIDZIGURI (MKD) ADVISES FMO ON GEL 26 MILLION FLOATING RATE NOTES AND LOAN FACILITY

 

Mgaloblishvili Kipiani Dzidziguri (MKD) has successfully advised the Netherlands Development Finance Company (FMO) on the loan side and GEL bond side of the transaction to JSC Credo Bank in amount of GEL 26 million facility.

Loan proceeds are to support young entrepreneurs, residing predominantly in rural part of the country, to get access to finance for their micro, small and medium sized businesses in Georgia. Besides, the transaction will back government in de-dollarizing the country’s economy and reinforcing a local capital market.

The Dutch bank was supported and advised by Natalia Babakishvili and Victor Kipiani at Mgaloblishvili Kipiani Dzidziguri (MKD).

This firm is especially proud that the assignment is the next in the row of similar ones and we very much look forward to continuing a long-track successful cooperation with FMO in many years to come.