Teniz Capital Investment Banking JSC announces the placement of Jet Group Ltd Green Bonds on the AIX exchange. The company raised 2.8 billion tenge by placing 3-year green bonds with a coupon rate of 20.75%.
The placement of these bonds took place on the AIX exchange; secondary trading will be available on both the AIX and KASE.
Coupon payments on these bonds will be subsidized through Damu Entrepreneurship Development Fund JSC. Funds raised from the bond placement will be used to finance/refinance qualified green projects in accordance with the Green Finance Framework. In particular, funds from the issue will be used to update its fleet of electric scooters.
We consider this placement an important step contributing to the development of green technologies, improvement of urban infrastructure, as well as the growth of private entrepreneurship and the development of the non-resource sector. Electric scooters are a symbol of Neo-Economy trends using technological solutions.