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  • EBRD invests in Nova’s inaugural bond issuance

    EBRD invests in Nova’s inaugural bond issuance

    • EBRD invests up to GEL 10 million in Nova’s inaugural bond issuance
    • Project will support development of Georgia’s capital markets
    • Transaction will promote and enhance corporate governance and transparency

    The European Bank for Reconstruction and Development (EBRD) is investing up to GEL 10 million (€3.2 million) in the debut local currency bond issuance of Nova Group, a leading Georgian producer and retailer of construction and home improvement materials.

    The GEL 50 million (€16 million) bond issuance will be listed on the Georgian Stock Exchange and is expected to have a tenor of up to five years. Proceeds will be used to fund capital expenditure, meet working capital needs and refinance existing loans.

    This transaction is a significant milestone for Nova and represents an important step in the development of Georgia’s domestic capital markets.

    Nova, which was established in 2006 as a producer of roofing materials, has grown into one of Georgia’s leading manufacturers and retailers of construction materials.

    In addition to the provision of financing, the EBRD will also help Nova to implement a corporate governance action plan. This will include measures aimed at strengthening board operations, internal controls and ethical standards, reinforcing Nova’s commitment to best practices.

    This investment is aligned with the EBRD’s strategic objectives of deepening Georgia’s local capital markets, diversifying funding sources for companies and strengthening financial resilience. By supporting Nova’s inaugural bond issuance, the Bank is helping to introduce longer-tenor instruments into the market, enhance liquidity and provide a benchmark for future issuers. The transaction will also promote higher transparency and governance standards through public listing and disclosure requirements.

    The EBRD is a leading institutional investor in Georgia, where it is committed to fostering sustainable private-sector growth, improving access to finance and promoting good governance. To date, the EBRD has invested more than €5.7 billion across 316 projects in Georgia’s financial, corporate, infrastructure and energy sectors. Of that investment, 84 per cent has been in the private sector.

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  • Blueprint For Success – Inside Field Hockey’s Winning Mentality And Team-First Culture

    Blueprint For Success – Inside Field Hockey’s Winning Mentality And Team-First Culture

    A well-respected head coach comes with a well-rounded coaching staff. Prince and her assistants, Mark Wadsley, Maggie Dickman, and Beth Riley, won the 2024 NFHCA Mid-Atlantic Region Coaching Staff of the Year award.

    While Prince’s staff…

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  • A Century Of Quantum Thought

    A Century Of Quantum Thought

    The exploration of quantum mechanics, born in the early 20th century, has consistently challenged our intuitive understanding of reality. From the seemingly paradoxical thought experiments like Schrödinger’s cat to the ambitious visions of…

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  • James Ransone obituary | US television

    James Ransone obituary | US television

    Anthem magazine called James Ransone “the perennial cool guy”, though it wasn’t quite that simple. Ransone, who has taken his own life aged 46, was a coiled, wiry actor whose remorseless stare and brooding good looks were complicated by a…

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  • Griffin Wilde Sets Sights on Bowl Game After All-Big Ten Campaign, Improbable Journey to Northwestern

    Griffin Wilde Sets Sights on Bowl Game After All-Big Ten Campaign, Improbable Journey to Northwestern

    Junior wide receiver Griffin Wilde and Northwestern held an early 10-0 lead at the end of the first quarter, but by the time the team’s offense took the Wrigley Field turf to open the second half, the script was flipped on its head.

    It was Nov….

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  • ‘Dracula’s Chivito’ looks stunning in this tasty Christmas photo from the Hubble Telescope

    ‘Dracula’s Chivito’ looks stunning in this tasty Christmas photo from the Hubble Telescope

    Using the Hubble Space Telescope, astronomers have imaged the largest and most chaotic site of planetary birth humanity has ever seen.

    Appearing like a stunning cosmic bat, this protoplanetary disk, located around 1,000 light-years away,…

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  • Osteoimmunological Perspective on the Pathophysiological Mechanisms of

    Osteoimmunological Perspective on the Pathophysiological Mechanisms of

    Introduction

    Rheumatoid Arthritis (RA) is a chronic systemic autoimmune disease characterized by persistent synovitis, progressive joint destruction, and systemic inflammation. Affecting approximately 0.5–1% of the global population, it is a…

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  • What’s new on Prime Video in January, including ‘Beast Games,’ ‘The Night Manager,’ and more – About Amazon

    What’s new on Prime Video in January, including ‘Beast Games,’ ‘The Night Manager,’ and more – About Amazon

    1. What’s new on Prime Video in January, including ‘Beast Games,’ ‘The Night Manager,’ and more  About Amazon
    2. Prime Video January 2026 Movie and TV Titles Announced  Vital Thrills
    3. Everything coming to Amazon Prime Video in January: New…

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  • New human species found, challenges story of ‘Lucy’ fossil

    New human species found, challenges story of ‘Lucy’ fossil | The Jerusalem Post

    Scientists studying fossils from Ethiopia’s Afar Rift have uncovered evidence of another early human species…

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  • Giant leg lamp lights up small Oklahoma town, turning a Christmas classic into a year-round attraction

    Giant leg lamp lights up small Oklahoma town, turning a Christmas classic into a year-round attraction

    Every holiday season, families flock to Main Street in Chickasha, Oklahoma, for its parade and dazzling light show. But it’s not just the brightly lit Christmas tree catching their attention — a nearly 50-foot-tall leg lamp is stealing the…

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