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Anglo Asian to refinance debt, releases $8.4m for expansion plans

By:  
Creamer Media Senior Deputy Editor Online
 
GOLD
Aim-listed gold, copper and silver producer Anglo Asian on Monday announced a refinancing package to replace the majority of its existing loans, which not only lowers the cost of its debt, but also allows for the redeployment of capital for exploration and optimisation plans. The Azerbaijan-focused company said it had entered into a syndicated, two-year term loan facility with Pasha Bank as arranger for up to $15-million at a 7% a year fixed interest rate.
 
 
 
 
 

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