Baku Stock Exchange (BSE) Signs Agreement with Kazakhstan's JET Group Under the Listing Advisory Program
The Baku Stock Exchange (BSE) has signed an agreement with Kazakhstan-based JET Group Ltd. under its Listing Advisory Program (LAP).
As part of the program, preparations are underway to support the company's entry into Azerbaijan's capital market. To facilitate this process, BSE has organized meetings between JET Group and leading local investment firms.
Since JET Group Ltd. is a foreign legal entity, Azerbaijani legislation requires the company to issue secured corporate bonds in the local market. Accordingly, the planned bond issuance is expected to be backed by a guarantee from a local bank.
The Listing Advisory Program (LAP) provides companies with advisory and informational support for raising capital through the listing of shares or bonds on the Baku Stock Exchange. The initiative aims to simplify access to capital markets, educate companies about the listing process, and help them diversify their financing sources.
Founded in 2021, JET Group Ltd. is one of the leading international micromobility companies specializing in electric scooter sharing (kicksharing) services across Latin America, Central Asia, and the Caucasus. The company serves millions of users in Kazakhstan, Brazil, Azerbaijan, Georgia, Uzbekistan, Chile, and Mexico, making it one of the fastest-growing micromobility platforms in these regions.
Since 2023, JET Group has successfully completed several bond issuances on the Astana International Exchange (AIX), including a green bond issued in accordance with international sustainable finance principles. As the company enters its next stage of financing, it has identified Azerbaijan's capital market as one of its strategic priorities.
JET Group has expressed strong interest in accessing the local capital market through the Baku Stock Exchange and has already begun the necessary preparations for a potential bond offering in Azerbaijan.
