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Under Saakashvili's term, Georgia became involved in international market transactions to a small extent, and in 2007 Bank of Georgia sold bonds at premium, when $200m five-year bond was priced with a coupon of 9 per cent at par, or 100 per cent of face value, after initially being priced at 9.5 per cent and investors pushed orders up to $600m.
Off-price is a trading format based on discount pricing. Off-price retailers are independent of manufacturers and buy large volumes of branded goods directly from them. The off-price retail model relies on the purchase of over-produced, or excess, branded goods at a lower price, thus being able to sell to consumers at a discount compared to ...
A bellwether is a leader or an indicator of trends.. In politics, the term often applies in a metaphorical sense to characterize a geographic region where political tendencies match in microcosm those of a wider area, such that the result of an election in the former region might predict the eventual result in the latter.
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