By Trend

Azerbaijan Caspian Shipping (ASCO) CJSC is expected to issue bonds for $50 million, Chairman of ASCO Rauf Valiyev told reporters on the sidelines of today's bond auction, Trend reports.

According to him, the company has already had the relevant mandate.

ASCO held a bond auction on December 28. As many as 100,000 bonds were placed during the auction with a nominal value of $1,000 each in the amount of $100 million with a maturity of five years, at an annual rate of six percent.