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...
