Sales of bonds with yield of 6% a year to begin in Azerbaijan on 3 March

12:11 - 2.03.2023

March 2, Fineko/abc.az. The subscription to the “ASCO bonds” issued by one of the largest companies in Azerbaijan, Azerbaijan Caspian Shipping Company (ASCO), was completed on 28 February.

ABC.AZ reminds that subscription is registration of persons wishing to buy these bonds. The sale will take place on 3 March at the Baku Stock Exchange, and the owners will receive bonds.

The bonds issued by ASCO are among the highest on interests among dollar bonds issued in circulation in Azerbaijan.

These bonds will bring holders 6% per annum. The total volume of the bond issue is $100 million, 100,000 bonds were issued with nominal value of $1,000.

Caspian Shipping Company – ASCO is one of the state-owned companies operating with large profits and having incomes in dollars, so interest in bonds was great.