April 17, 2019, Tbilisi – Bonds worth of GEL 15 million, maturity of 2 years was admitted to the category B listing of the Georgian Stock Exchange under the ticker #CRS02J.
Admission was followed after Crystal second time issued corporate bonds and completed second transaction on Georgian capital market. Annual coupon was set at 4% over the National Bank of Georgia’s monetary policy (refinancing) rate. As a result, since December 2017 Crystal has already issued bonds of total value GEL 25 million. 100% of them are listed on Georgian Stock Exchange.
Crystal has created distinctive experience on Georgian microfinance sector through corporate governance standards, impact investment, international credit rating, capital market transactions and other related activities.
Crystal is Georgia’s leading non-bank financial institution, which manages 270 million GEL loan portfolio, has more than 1,000 employees, operates 62 regional branches and serves more than 100,000 unique clients across Georgia. Crystal acts as a platform for economic development of thousands of customers, providing them with innovative financial products and services tailored to their specific needs.
Crystal is the first Fitch-rated non-bank financial institution in the region to be assigned a ‘B’ Rating with a Stable Outlook. Crystal was recently awarded the nation’s Responsible Business award of 2018.
As for Georgian Stock Exchange (GSE), this is the only functioning organized securities market in Georgia offering trading and efficient investment facility to both local and foreign investors.
Automated trading system of GSE can accommodate thousands of securities that may be traded by brokers from the workstations at the GSE floor or remotely from their offices. As of April 1, 2019, 34 companies are admitted on GSE, with Total Market Capitalization of USD 0.719 billion and Daily Turnover in March, 2019 was GEL 125.