Dentons has advised the EBRD and Swedfund on an Additional Tier 1 (AT1) capital loan to the Bank of Georgia.

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.

Dentons’ work included advice on banking regulations, as well as negotiation support to the lenders and assistance with the execution of the transaction documents. Partner Avto Svanidze led the Dentons team, supported by associate Sopho Mebonia and a group of junior associates.

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