Azercosmos to receive EUR 100mln loan from Japanese companies

Thu 12 Nov 2015 01:22 GMT | 05:22 Local Time

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Azercosmos has signed a loan agreement with the Japanese banking corporation Sumitomo Mitsui and Mizuho in the amount of EUR 100mln for 11 years, sources in Azercosmos told Oxu.Az.

French export and credit agency COFACE is to ensure guarantees on the loan.

The loan will be used to fund Azersky satellite system and create the ground infrastructure.

News.Az

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