ASCO launches Debentures offering to strengthen operations

An event dedicated to the emission of "ASCO Debentures" by Azerbaijan Caspian Shipping CJSC (ASCO) was held on December 28, attended by Ruslan Alikhanov, Chief Executive Officer of Azerbaijan Investment Holding, representatives from banking and insurance companies, seafarers, and media representatives.

The ceremony began with a short video showcasing ASCO's rich history and multifaceted activities. This was followed by a commercial presentation on the "ASCO Debentures."

Addressing the attendees, ASCO Chairman Rauf Valiyev stated that the proceeds to be obtained from the debentures will be used for expanding the activities outside the Caspian basin and for the acquisition of modern type larger vessels to ensure cargo transportation in the international waters by ASCO as the oldest company currently operating in Azerbaijan and making profit each year. 

“Moreover, the debentures we have emitted will contribute to the development of the country's security market and provide profitable and reliable investment opportunities for citizens,” he noted. 

In his address, Ruslan Alikhanov, CEO of Azerbaijan Investment Holding, highlighted ASCO's transparent and competitive operations. He stated, "ASCO is one of the companies operating successfully in our country. The newly issued debentures will provide additional funds for the development of the company."