ADB sells $30 mln worth of bonds in Georgian lari

July 6, 2016 10:40 AM

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TBILISI, July 6 The Asian Development Bank (ADB) has raised 64 million lari ($30 million) from a Georgian lari-denominated bond sale to support development of the local capital market and microenterprises in Georgia, the bank said on Wednesday.

"ADB's second lari-denominated bond will help strengthen the Georgian bond market and provide critical support to the microfinance sector," said Pierre Van Peteghem, the ADB's treasurer.

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