SOFAZ borrows AZN 472M

SOFAZ borrows AZN 472M
# 12 June 2017 12:04 (UTC +04:00)

In 2016 State Oil Fund of Azerbaijan (SOFAZ) took AZN 472.007 million term-loans, said the audit report prepared by PricewaterhouseCoopers Audit Azerbaijan LLC.

 

The term loan is denominated in Japanese Yen. Bank borrowings mature by 09 September 2024 and bear coupon of 0.81% annually (2015: nil). An investment property is pledged as collateral for the borrowing.

 

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THE OPERATION IS BEING PERFORMED