BAKU, Azerbaijan, August 15. Azerbaijan Caspian Shipping Company (ASCO) has made the next coupon payments on the issued ASCO bonds.
The data obtained by Trend from ASCO shows that the bonds underwritten on
February 23, 2024, aggregating to a principal amount of 50 million,
yielded a return of $1.5 million to their stakeholders.
"The bonds with a par value of $1,000 each were issued for a period
of five years with an annual yield of six percent. Coupon payments
are made every six months," the company's statement reads.
The “Azerbaijan Caspian Shipping” Joint-Stock Company merged the country’s main fleets, the Azerbaijan State Caspian Sea Shipping Company and the State Oil Company of the Azerbaijan Republic’s Caspian Sea Oil Fleet. The “Azerbaijan Caspian Shipping” CJSC has two shipyards and offshore support and commercial fleets. The merchant fleet has 51 ships: 20 tankers, 12 ferries, 16 dry cargo, 1 Ro-Ro, and 2 Ro-Pax. By integrating maritime fleets, the “Azerbaijan Caspian Shipping” CJSC takes on high-level responsibilities.
