Silk Road Group is interested in purchasing Geocell, Lekso Topuria, member of Silk Road Party supervisory board, informed Business Morning.
In solution to the question whether the company will use 34mln GEL grown from Silknet bonds, Topuria revealed that the mentioned total will refinance any TBC Bank loan. As to Geocell, Topuria proved and noted whenever the company wins the tender, the decision shall be taken which reference to use for the deal.
We will make a new tranche, even so, at this stage I cannot stipulate the amount. I cannot say precisely whether this unique sum will be used for purchasing Geocell. Naturally, we’ve got the interest and we participate in the tender process. I will take decision depending on tender results regardless of whether this or other funds will be employed for money. In this case we may take advantage of our own funds. We’re able to use a bank credit and even funds increased from bonds.
We arrange to issue bonds. The main tranche has showed that the two Georgian and foreign finances are interested. Therefore, a great precedent if foreign finances purchase GEL-denominated bonds, Topuria noted.
We advise you that TBC Funding has successfully finished placement of Silknet bonds connected with 34mln GEL. The company has got for the first time issued draws together on Georgian telecommunication market.