The Georgian government plans to issue euro-bonds at the sum of $500mln, with the circulation term from 5 to 10 years, the Prime Minister Vladimir Gurgenidze stated.

Mediamax reports referring “News Georgia” that, delivering in the Georgian parliament the report on the work of the government for the nearest future, Gurgenidze informed that for the organization of the placement, talks are held with six banks - Citigroup, Deutsche Bank, JP Morgan, Credit Suisse, UBS, Merrill Lynch, among which the Georgian authorities will choose the two banks to carry out the organization.

“The means, gained from the bonds, will be directed to the funding of construction of a gas storage in Georgia and the construction of a PTL, aiming at increasing the export of electric energy to Turkey”, Gurgenidze stated.