AsiaSat secures $250 million loan facility

Asia Satellite Telecommunications has secured a $250 million loan facility from 19 banks to finance two new satellite projects.

Asia Satellite Telecommunications Company AsiaSat has signed a five year, $250 million syndicated loan facility with 19 Hong Kong and international financial institutions. HSBC Investment Bank Asia is the sole coordinating arranger of the facility. Lead arrangers include HSBC, Hang Seng Bank, Bayerische Landesbank Girozentrale, Bayerische Hypo- und Vereinsbank, Commerz East Asia Ltd, CITIC Ka Wah Bank, NBI Capital Bank and Credit Lyonnais.

The interest margin of the facility is 125 basis points...

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