Azerbaijan Caspian Shipping issues $100M bond

Azerbaijan Caspian Shipping CJSC (ASCO) is preparing to place bonds worth $100 million in Baku Stock Exchange CJSC.

Report informs that these 100,000 bonds, with a nominal value of $1,000 each, will be in circulation for five years.

Their annual return is 6%. Interest will be paid every six months. The underwriter of the placement is PASHA Capital Investment Company JSC.