Georgian Railways offers Eurobonds amounting to $250 million

The Georgian Railway company has put Eurobonds amounting to $250 million on financial markets for five years, Business Georgia reports.
The company has placed bonds with the assistance of Bank of America, Merill Lynch and JP Morgan. The funds will be spent on implementation of the Tbilisi peripheral railway and various modernization projects. The European Bank for Reconstruction has already allotted $100 million to the project.