PRESS RELEASE: Bakhvi Hydro Power completes bond placement and raises USD 1.3 million

September 29, 2017. Tbilisi, Georgia. Bakhvi Hydro Power, the owner and operator of hydroelectric and other generating assets in Georgia, has successfully completed its debut sale of domestic bonds. The company sold USD 1.3 million in 10-year USD-denominated debt instruments. The bonds carry an annual coupon of 9.4%, paid semi-annually.

The debt issue garnered significant interest among investors – buyers of the issue included international investors and leading financial institutions.

The lead managers on the deal were SP Advisors and Silk Road Bank, the Georgian banking group. In addition, SP Advisors acted as the Exclusive Agent for International Bond Sales. The bonds are expected to be listed and admitted to trading on the Georgian Stock Exchange.

"We're pleased to again be a trusted name in the market for international capital raising. For BHP, the bond issue is a sign of trust and cooperation and it allows the company to showcase its growth potential and build its investment history. We're also happy to note that international investors and financial institutions have once again shown an active interest in the Georgian market," said Nick Piazza, CEO of SP Advisors

About Bakhvi Hydro Power
Bakhvi Hydro Power LLC is the owner and operator of hydro and electric generation assets in Georgia. The company is part of KG Energy, the energy wing of leading Georgian investment group Silk Road Group. KG Energy actively pursues opportunities in the alternative energy sector.

About SP Advisors
SP Advisors is a full-service investment house focused on advisory, asset management, and merchant banking, operating in Ukraine, Georgia, and Eastern Europe. Established in 2011, SP Advisors has assembled a veteran management and corporate advisory team with experience in the Eastern European investment space. SP Advisors partners with businesses in Ukraine and abroad, including international investment banks and legal, consulting, and audit firms.