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Rico Express places first $10 million bond tranche at 7% for three years

Rico Express has placed the first $10 million tranche under a $100 million bond programme, the National Bank of Georgia reports. TBC Capital supported the placement.

According to the company information cited by the central bank, the bonds have a three-year term and a 7% interest rate. These are the terms of the tranche described in the regulator’s announcement.

Related directory categories: Banks.

Sources: Source publication.

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The Business News Editorial Team brings together reporting on Georgia's economy and business. This byline covers finance, company developments, tourism, trade …

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