Bank Of Baku

Loan taken for Azerspace-1 project to be returned prematurely

Loan taken for Azerspace-1 project to be returned prematurely
# 16 July 2013 09:03 (UTC +04:00)

According to him, the incomes of the project during 15 are planned to exceed $600 mln. 

 

“The Satellite’s incomes till May made $4.2 mln and the loans are being repaid. THE loan can be returned during 7 years, while its period was 10 years. I think 50% of the project has already been sold and it’s being held talks to reach 70-80% by the year-end”, Abbasov said. 

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