Uzbek Leasing International shareholders approve attraction of a loan for US$10 million

Tashkent, Uzbekistan (UzDaily.uz) - At an extraordinary general meeting of shareholders of Uzbek Leasing International A.O. held on 31 March (quorum - 80.3%), shareholders preliminarily approved attraction of a loan from JV Abu-Dhabi Uzbek Investment LLC.

The loan amount is US$10 million. It will be allocated in two tranches equal to US$5 million each.

It will be issued for seven years with two-year grace period. Interest rate is 8% per annum, when financing in US dollars.

At the same time, the management of the joint-stock company was instructed to take measures within the framework of a loan from ADUI to prepare an updated list of new projects for financing that will be able to service leasing during the quarantine period in the republic.