2024 April-May Analysis

TBC Capital has launched a new initiative by hosting the first annual Capital Markets International conference in Georgia

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In response to the dynamic evolution of the local capital market, TBC Capital has launched a new initiative by hosting the first annual Capital Markets International conference in Georgia.

The conference has featured leading entities from both local and international capital markets, including J.P. Morgan, Citi, Fidelity Investments, the National Bank of Georgia, the Ministry of Economy and Sustainable Development of Georgia, Baker McKenzie, Dentons, BLC Law, Amundi, ADB, EBRD, IFC, along with Georgian issuers, and others.

During the conference, participants discussed their experiences, current market trends, and future development prospects.

“We have laid the foundations of a very important tradition with the inaugural Capital Markets International Conference, which we will host annually. In Tbilisi, organized by TBC Capital, a significant audience gathered, including government officials, representatives from international investment banks such as J.P. Morgan and Citi, industry experts, international institutional investors, and local issuers. We are witnesses and participants in the unprecedented growth of the capital market. The local market for public bonds has experienced remarkable growth, doubling in size last year to reach 2 billion GEL. TBC, as the leading financial institution in the country, has responded to this rapid market expansion with this conference, bringing together all relevant parties to discuss market outcomes and evaluate future potential and prospects. Our goal is to promote market development through this inaugural conference, which we aim to establish as an annual tradition”, states George Tkhelidze – Deputy CEO, Corporate and Investment Banking, Wealth Management at TBC.

Within the framework of individual speeches and panel discussions, important topics were covered such as:

  • Regional debt capital market in global context and its impact on Georgia.
  • Perspectives of Regional Fixed Income Market – how favorable is now for both bond issuance and fixed income investment?
  • TBC Capital research on the development stages of the bond market in Georgia, comparison with other countries and expectations for 2024, as well as the availability of alternative sources of financing in Georgia.
  • Institutional support as a driver of capital market Development: exploring existing programs and pathways to attract investments from International Financial Institutions.
  • Global trends of sustainable finance – Addressing the growing demand for sustainable projects and exploring how Georgian companies can participate in this global trend.
  • ESG Bonds and the Landscape of Sustainable Finance.
  • Eurobonds vs. Local Bonds.
  • Success cases and experience sharing by existing issuers regarding bond issuance opportunities.
  • The Trends of Equity Investments in Georgia.
  • Fostering Equity Investments in Georgia.
  • Uncovering Avenues of Asset Management Perspectives in Georgia – What is asset management and why it is important for the development of capital markets in Georgia.
  • Asset Management in Georgia – Challenges and Outlook – Exploring the types of investments being made and identifying strategies to activate further investment.