Andrew Jewell, Resident Representative for Georgia at the International Monetary Fund, said Georgia`s recent eurobond issuance reflected the country`s stable macroeconomic indicators, including robust real GDP growth, relatively low public debt, record-high international reserves at the National Bank, etc.
"The fact that the eurobond issuance was oversubscribed by 5.5 times indicates strong investor interest and confidence in Georgia`s economy", - said Andrew Jewell in the interview with Business Insider Georgia.
The Government of Georgia successfully issued USD 500 million in eurobonds on the London Stock Exchange, with a fixed coupon rate of 5.125%. This coupon rate is the lowest for Georgian sovereign eurobonds with similar or one-notch higher credit ratings in the past four years.