BAKU, Azerbaijan, February 20. The Baku Stock Exchange (BSE) will hold an auction on February 23 to place bonds of Azerbaijan Caspian Shipping Company CJSC for a total amount of 50 million manat, Trend reports.
According to the BSE, 50,000 bonds for $1,000 each will be
auctioned, with a circulation duration of five years and a yield of
six percent. Coupon payments will be made twice per year.
PASHA Capital CJSC is the underwriter for the offering.
Note that on December 13, 2023, the Baku Stock Exchange's Listing Committee decided to list Azerbaijan Caspian Shipping Company CJSC (ASCO) bonds worth $50 million in the premium category of the market.
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