With the involvement of investment company Galt & Taggart and the support of the Georgia Economic Development Corporation, Nutrimax has successfully completed the placement of its debut public bond issue. The total nominal value of the issuance amounted to USD 10 million.
The bonds were issued on May 29, 2026, with a maturity of two years. Coupon payments will be made semi-annually, while the final interest rate was set at 8.5%.
The proceeds raised through the bond issuance will be used to refinance existing liabilities and finance capital expenditures. The securities will be admitted to trading and listing on the Tbilisi Stock Exchange.
An Important Step Toward the Company’s Next Stage of Growth
The debut bond issue marks Nutrimax’s first entry into the capital market and represents an important milestone in the company’s development. The transaction demonstrates the company’s readiness to strengthen its financial structure, enhance corporate governance standards, and continue its regional expansion.
“This debut issuance is a statement that Nutrimax is ready for a new and larger stage of development. The bond issue provides us with an opportunity to improve our financing structure, manage financial resources more efficiently, and significantly strengthen our corporate governance standards. We are confident that this step will serve as a solid foundation for the company’s future growth, expansion into new opportunities, and further increase in shareholder value,” said Beka Bekaia, Chairman of the Supervisory Board of Nutrimax.
The Growing Role of Capital Markets in Business Development
The success of the transaction was reflected in strong investor interest and confidence in the company.
“We are pleased to have participated in the placement of Nutrimax’s debut bond issue. This transaction clearly demonstrates that Georgian companies are increasingly using the capital market both as a growth instrument and as a means of diversifying their funding sources. The successful issuance reflects investors’ confidence in the company’s business model and regional development prospects,” said Giorgi Kuprashvili, CEO of Galt & Taggart.
State Support for Capital Market Development
According to Irakli Gabriadze, Director of the Georgia Economic Development Corporation, Nutrimax’s successful bond placement is another important example of how capital markets can support the long-term development of Georgian businesses.
He noted that since the launch of the state capital market support program, 22 issuances by 14 companies have been completed, attracting more than GEL 1 billion in investment resources through the securities market.
About Nutrimax
Nutrimax has been operating in Georgia since 2009 and is one of the leading producers of pet food, poultry feed, and aquaculture feed in the region.
Since 2023, the company has expanded its operations significantly and, alongside its European-standard compound feed plant, operates the region’s only high-tech extruded pet food manufacturing facility.
In addition to serving the domestic market, Nutrimax actively exports its products to Armenia, Azerbaijan, Kazakhstan, Uzbekistan, and Moldova, further strengthening its regional presence and international growth potential.
