Instrument: Debt Obligation
Status: Senior
Rating: None
Form of the Notes: Registered, Dematerialized
Secondary Market: Admitted to the Georgian Stock Exchange
Taxation: 10% at the source
Governing Law: Georgian Law
SPV – JSC Auto Finance
Structure Type: True Sale/Pay Through
US$200,000 Zero Coupon Subordinated Discount Notes Due 2010 were placed privately with Caucasus Autoimport (Originator) and proceeds were used to establish reserve fund for credit enhancement.
Caucasus AutoImport, LLC
(www.cai.ge), which serves its clients in 9 major cities of Georgia as well as in Azerbaijan (Baku) and
Armenia (Yerevan) in purchasing used and new cars abroad (USA, German ...
Joint Stock Company was founded as a special (limited) purpose legal entity. The
scope of activities of the company is limited to the following: purchasing of cash receivables from the
originator; i ...