Georgia, Dec. 24 -- The European Bank for Reconstruction and Development (EBRD) is investing up to GEL 10 million (€3.2 million) in the debut local currency bond issuance of Nova Group, a leading Georgian producer and retailer of construction and home improvement materials.The GEL 50 million (€16 million) bond issuance will be listed on the Georgian Stock Exchange and is expected to have a tenor of up to five years. Proceeds will be used to fund capital expenditure, meet working capital needs and refinance existing loans.This transaction is a significant milestone for Nova and represents an important step in the development of Georgia's domestic capital markets.Nova, which was established in 2006 as a producer of roofing materia...