Bank Of Baku

Two Japan banks allocate loan to Azercosmos

Two Japan banks allocate loan to Azercosmos
# 11 November 2015 15:59 (UTC +04:00)

Baku. Yegane Lachinzade - APA-Economics. Azercosmos has signed a loan agreement in the amount of €100 mln with Japan Sumitomo Mitsui Banking Corporation (SMBC) and Mizuho Bank for the period of 11 years.

 

According to Azercosmos OJSC, the loan arranged by the French export credit agency COFACE is considered for financing of Azersky satellite of Azerbaijan.

 

Within the agreement, French Airbus DS provides Azercosmos with the satellite system launched on June 30, 2014.   

 

 

 

 

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