Georgia
Georgia
Georgia
May 7, 2018
Oct-15
Apr-16
Oct-16
Apr-17
Oct-17
Apr-18
Apr-15
Oct-15
Apr-16
Oct-16
Apr-17
Oct-17
Jan-18
Apr-18
Jan-15
Jan-16
Jan-17
Jan-18
Jan-15
Jan-16
Jan-17
Jul-15
Jul-16
Jul-17
Jul-15
Jul-16
Jul-17
Source: GeoStat
Source: Rating agencies
Money market
Refinancing loans: National Bank of Georgia (NBG) issued 7-day refinancing loans of
GEL 990mn (US$ 403.0mn).
Apr-15
Oct-15
Nov-15
Apr-16
Nov-16
Dec-16
Apr-17
Nov-17
Dec-17
Apr-18
Aug-14
Aug-15
Aug-16
Sep-16
Aug-17
Sep-17
Jan-14
Jun-14
Jun-15
Jan-16
Jan-17
Jan-18
May-14
Jul-15
May-16
May-17
Feb-14
Mar-14
Jul-14
Feb-15
Mar-15
Mar-16
Jul-16
Mar-17
Jul-17
Mar-18
4%
Monetary policy rate Nominal Effective Exchange Rate and Real Effective Exchange Rate
9% 9% 120
REER, Jan 2013=100 NEER, Jan 2013=100
8% 8%
115
7% 7%
6% 6% 110
5% 5%
105
4% 4%
3% 3% 100
2% 2%
1% 1% 95
0% 0%
90
Nov-17
Nov-14
Nov-15
Nov-16
Sep-14
Sep-15
Sep-16
Sep-17
Jan-14
Jan-15
Jan-16
Jan-17
Jan-18
May-14
May-15
May-16
May-17
May-18
Jul-15
Mar-14
Jul-14
Mar-15
Mar-16
Jul-16
Mar-17
Jul-17
Mar-18
Nov-16
Nov-13
Nov-14
Nov-15
Nov-17
Sep-13
Sep-14
Sep-15
Sep-16
Sep-17
Jan-17
Jan-13
Jan-14
Jan-15
Jan-16
May-17
Jan-18
May-13
May-14
May-15
May-16
Mar-13
Jul-13
Mar-14
Jul-14
Mar-15
Jul-15
Mar-16
Jul-16
Mar-17
Jul-17
Mar-18
2
Georgia
Weekly Market Watch
May 7, 2018
Fixed income
Corporate Eurobonds: BGEO Group Eurobonds (BGEOLN) closed at 5.8% yield, trading Georgia Eurobonds, YTM (%)
at 100.8 (-0.1% w/w). Bank of Georgia GEL-denominated Eurobonds (GEBGG) were 7.0
trading at 100.5 (unchanged w/w), yielding 10.7%. Georgia Capital Eurobonds (GEOCAP)
6.0
were trading at 95.3 (-0.2% w/w), yielding 7.1%.
5.0
GOGC Eurobonds (GEOROG) were trading at 102.4 (-0.8% w/w), yielding 5.9%. Georgian
Railway Eurobonds (GRAIL) traded at a premium at 107.6 (-0.3% w/w), yielding 5.7%. 4.0
Georgian Sovereign Eurobonds (GEORG) closed at 106.6 (-1.1% w/w) at 4.4% yield to 3.0
maturity. 2.0
Oct-17
Nov-17
Dec-17
Apr-18
May-17
Aug-17
Sep-17
Jun-17
Jan-18
May-18
Jul-17
Feb-18
Mar-18
GEORG 04/21 GRAIL 07/22
BGEOLN 07/23 GEOROG 04/21
Source: Bloomberg
3
Georgia
Weekly Market Watch
May 7, 2018
Equities
BGEO Group (BGEO LN) shares closed at GBP 33.16/share (-4.77% w/w and -6.38% BGEO Group (BGEO LN)
m/m). More than 308k shares traded in the range of GBP 33.14 – 35.12/share. Average 40 0.40
daily traded volume was 59k in the last 4 weeks. FTSE 250 Index, of which BGEO is a 38 0.35
0.30
constituent, gained 0.74% w/w and gained 6.01% m/m. The volume of BGEO shares 36
0.25
34
traded was at 0.78% of its capitalization. 32
0.20
0.15
30 0.10
28 0.05
TBC Bank Group (TBCG LN) closed the week at GBP 17.46 (-3.85% w/w and -3.00% 26 0.00
Aug-17
Sep-17
Nov-17
Dec-17
Jan-17
May-17
Jun-17
May-18
Mar-17
Mar-18
Feb-17
Feb-18
m/m). More than 83k shares changed hands in the range of GBP 17.06 – 18.50 share.
Averaged daily traded volume was 27k in the last 4 weeks.
Volume, mn (RHS)
Last price, GBP (LHS)
Georgia Healthcare Group (GHG LN) shares closed at GBP 2.79/share (-0.36% w/w and Source: Bloomberg
-8.52% m/m). More than 31k shares were traded in the range of GBP 2.77 – 2.90/share. TBC Bank Group (TBCG LN)
Average daily traded volume was 11k in the last 4 weeks. The volume of GHG shares 20
traded was at 0.02% of its capitalization. 0.90
18
0.60
16
14 0.30
12 0.00
Nov-17
Dec-17
Apr-17
Aug-17
Sep-17
Jan-17
May-17
May-18
Feb-17
Feb-18
Mar-18
Jul-17
Volume, mn (RHS)
Last price, GBP (LHS)
Source: Bloomberg
Jun-17
May-17
May-18
Mar-17
Mar-18
Feb-17
Feb-18
4
Georgia
Weekly Market Watch
May 7, 2018
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