15:08 - 10.10.2023

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October 10, Fineko/abc.az. British company Anglo Asian Mining has attracted the 2nd tranche of a loan in the amount of $10 million from the International Bank of Azerbaijan (ABB).

ABC.AZ informs, referring to AAM report, that the loan funds were attracted for 3-year term (with 6-month grace period) and at rate of 6.5% a year.

"The loan funds will be used for capital and other expenses of AAM, necessary for activities," the company says.

AAM informs that the loan was attracted as part of a credit line in the amount of AZN 55 million opened by the bank for the company. At the beginning of July 2023, AAM used $3.5 million from the credit line (the rate is 5.5% per annum).

"At the moment, the unused amount of the credit line is $18.8 million," the company emphasizes.