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 over Libor, and will be drawn down within two years with a three year repayment schedule. Once fully drawn, the debt to equity ratio of the company will be 12. The guarantor of...

FinanceAsia has updated its subscription model.

Registered readers now have the opportunity to read 5 articles from our award-winning website for free.

To obtain unlimited access to our award-winning exclusive news and analysis, we offer subscription packages, including single user, team (2-10 users), or office-wide licences.

To help you and your colleagues access our proprietary content, please contact us at subscriptions@financeasia.com, or +(852) 2122 5222

Article limit is reached.

Hello! You have used up all of your free articles on FinanceAsia.

To obtain unlimited access to our award-winning exclusive news and analysis, we offer subscription packages, including single user, team (2-10 users), or office-wide licences. To help you and your colleagues access our proprietary content, please contact us at subscriptions@financeasia.com, or +(852) 2122 5222