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Azercosmos to borrow 100 million euro from Japanese banks

Business
20:00 | 12.11.2015
Azercosmos to borrow 100 million euro from Japanese banks

Azercosmos to borrow 100 million euro from Japanese banks

Azerbaijan’s state satellite operator Azercosmos has signed an agreement to borrow 100 million euros from Japan’s Sumitomo Mitsui Banking Corporation and Mizuho Bank, the company said.

The 11-year loan guaranteed by France’s export and import agency COFACE will be used for the financing of Azersky satellite.


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