Japanese banks to finance AzerSky satellite system

Japanese banks to finance AzerSky satellite system
19:42 11 Noyabr 2015
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Baku, Azerbaijan, Nov. 11

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"Azercosmos" OJSC signed a loan agreement with the Japanese Sumitomo Mitsui Banking Corporation and Mizuho Bank in the amount of 100 million euros for 11 years, "Azercosmos" said Nov. 11.

The loan guarantees will be ensured by the French export credit agency COFACE.

The loan will be used to finance AzerSky satellite system and to establish the ground infrastructure.

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