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Kacific secures USD 160 mln loan from Asian Development Bank, GuarantCo

Friday 6 December 2019 | 09:43 CET | News
Kacific Broadband Satellites International has announced it has closed credit facilities totaling USD 160 million with a group of financial institutions including the Asian Development Bank (ADB) and GuarantCo. The financing from ADB comprises a loan from ADB and a parallel loan provided by Asia's Private Infrastructure Fund (LEAP), which is administered by ADB. GuarantCo, a member of the Private Infrastructure Development Group, will provide a USD 50 million partial credit guarantee to a private sector European institutional investor.

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Categories: Broadcast & Satellite
Companies: ADB / SpaceX
Countries: Asia
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