London-listed Georgian banks, sovereign bonds fall after EU talks halted

Reuters

2024/11/29

LONDON, Nov 29 (Reuters) - Shares in London-Listed Georgian banks fell on Friday, as traders reacted to Thursday's news that the Georgian government would suspend talks on European Union accession and refuse budgetary grants until 2028.

TBC Bank .TBCG.L was down 6.4% at the bottom of the FTSE 350, while Bank of Georgia .BGEO.L was last down 4.5%.

Georgia's sovereign dollar bonds nudged lower on the day, with the 2026 maturity down 0.2 cents to being bid at 94.39 cents in the dollar, Tradeweb data showed. XS2334109423=TE

(Reporting by Lucy Raitano; Editing by Amanda Cooper)

((Lucy.Raitano@thomsonreuters.com;))

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