OREANDA-NEWS. August 18, 2010. National Bank of Uzbekistan for Foreign Economic Activities (NBU) is launching the program of projects financing in Navoi Free Industrial-Economic Zone with the attraction of Korean Eximbank's credit line.

The Eximbank of Korea credit line comprised USD50 million with availability term till 4 May 2012. Within the project, NBU is financing import contracts worth USD 100,000 and up.

The credit is granted for 5 years including 2 year grace period, the interest rate at the level of SWAP or LIBOR + specifically determined margin (approximately 6% APR).