Georgia: Corporate bonds eligible in Clearstream Banking S.A.
Effective settlement date
10 September 2018
Clearstream Banking1 will, in addition to the securities issued by the Government of Georgia and International Financial Institutions (IFIs), offer settlement, custody and asset servicing for selected Georgian corporate bonds.
The following corporate bonds have fulfilled Clearstream Banking eligibility criteria checks and will be available for foreign investors:
| Name | ISIN |
| M2 Real Estate | GE2700603436 |
| Georgian Leasing Company | GE2700603535 |
| Nikora | GE2700603493 |
| Silknet JSC | GE2700603527 |
| Georgian Leasing Company | GE2700603659 |
| Microfiance Organisation Crystal | GE2700603592 |
Following the amendments to the Georgian Tax Code (bill number N1935-RS) effective 1 January 2018, non-resident corporate, non-resident individual and resident individual holders of Georgian listed corporate bonds issued prior to 2023 are exempt from capital gain and interest income (withholding) taxes.
Further information
The Market Link Guide – Georgia has been updated. For further information, customers may contact Clearstream Banking Client Services or their Relationship Officer.
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1. Clearstream Banking refers collectively to Clearstream Banking S.A., registered office at 42, avenue John F. Kennedy, L-1855 Luxembourg, and registered with the Luxembourg Trade and Companies Register under number B-9248, and Clearstream Banking AG (for Clearstream Banking AG customers using Creation Accounts), registered office at 61, Mergenthalerallee, 65760 Eschborn, Germany and registered in Register B of the Amtsgericht Frankfurt am Main, Germany under number HRB 7500.