BUZZ-Australia's Amaero International gains after securing $23.5 million loan

Shares of Australia's Amaero International 3DA.AX rise as much as 6.1% to A$0.350, highest since early December

Titanium powder producer announces that its unit has secured a direct loan of $23.5 million (A$37.8 million) from U.S. Export-Import Bank, based on an exchange rate of $0.621

The U.S. federal government export credit agency will provide capital equipment financing and will directly fund the loan as part of the bank's Make More in America initiative

1.1 mln shares change hands, 2.3 times compared with the 30-day average volume of 476,740

Stock rose 4.2% in 2024

(Reporting by Manasi Dasa Sundeep in Bengaluru)

((Manasi.DasaSundeep@ThomsonReuters.com))