Elana Agrocredit announced that it has signed a BGN 15 million ($8.4 million/EUR 7.7 million) loan deal with local bank Expressbank. The loan comprises a revolving credit facility of up to BGN 5 million and an investment loan of up to BGN 15 million for funding the expansion of the company's leasing portfolio. The revolving credit line has to be repaid within 2 years of the contract signature date, while the investment loan can be repaid 8 years after the signing of the deal. The revolving credit line has an interest equal to Expressbank's reference interest rate plus 2.20%. The investment loan bears a fixed annual interest of 2.79%, or an interest equal to Expressbank's reference interest rate plus 2.25%. At the time of the contract signature date, Expressbank's reference interest rate was 0%.