On 4 September  2023, after the approval of the final prospectus by the “National Bank of Georgia”, “Prime Concrete LLC “ (the “Company”) started emission of  inaugural  emission of green/blue debt securities (so called “Green/blue bond”)  in amount of  USD 7,500,000 emission. The emission of the securities  will be carried out through public placement from 4 September 2023, and will be targeted at versed investors.

The agent for emission of the securities is: “Alpha Capital Advisor LLC”;  legal advisor for the transaction is:  “Nodia, Urumashvili and Partners LLC”; and the  payment and calculation Agent is: JSC “Pasha Bank Georgia”. The Company received technical assistance from the International Financial Corporation, within the framework of which the Company’s Green/Blue Bond Framework was developed, which in turn was certified by CICERO Shades of Green – one of the global leaders in the field of sustainable bond certification (Second Party Opinion) and is a member of  “S & P Global” group. 

The purpose of the transaction is to attract sustainable financing to the Company, which in turn will be directed both to partially refinance the existing loans as well as to fund  the Company’s green/blue projects.

The main parameters of the transaction are as follows: