Auction for placement of ASCO bonds to be held

16:36 - 20.02.2024

February 20, Fineko/ An auction for placement of interest-bearing, unsecured, undocumented, registered bonds of Azerbaijan Caspian Shipping Company (ASCO) CJSC in the amount of $50 million will be held at the Baku Stock Exchange on February 23.

ABC.AZ reports with reference to the BSE that by the decision of the BSE Listing Committee, 50,000 bonds with nominal value of $1,000 each were included in the listing in the premium segment of the market. Securities placed by subscription will be in circulation for 60 months. Their annual return is 6%. The interest will be paid semi-annually.

The underwriter of the process is investment company PASHA Capital CJSC. However, persons wishing to buy bonds can also contact other investment companies that are BSE members.

The redemption of securities by the issuer during the circulation period is not provided.

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