Teniz Capital Investment Banking reports placement of "green" bonds of Jet Group Ltd

04.04.24 16:30
/KASE, April 4, 2024/ – Teniz Capital Investment Banking JSC (Almaty), whose shares are officially listed on Kazakhstan Stock Exchange (KASE), has provided KASE with the following press release: quote Teniz Capital Investment Banking JSC reports 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 Program. In particular, proceeds from the issue will be used to upgrade their fleet of electric scooters. unquote The complete press release is available on – https://kase.kz/files/emitters/TCIB/tcib_relizs_020424.pdf [2024-04-04]