Kacific US$50m ADB financing for the Kacific-1 satellite
Asia-Pacific Remote Broadband Internet Satellite Project: building, launching and operating the Kacific-1 Ka-band high-throughput GEO satellite
Key terms
- Borrower or issuer
- Kacific
- Date
- 2 Dec 2019
- Type
- Government finance
- Amount
- US$50m
Recorded terms
- Structure
- Loans from ADB and the JICA-backed LEAP fund
- Lenders and arrangers
- Asian Development Bank and the Leading Asia's Private Infrastructure Fund (LEAP), with GuarantCo
- Country
- Singapore
Parties
- Kacific borrower or issuer
- Public lenders and funders: Asian Development Bank, GuarantCo
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|---|---|---|---|
| 17 Jul 2019 | Axelspace ¥550m Japan Finance Corporation loan (2019) | Government finance | JPY 550m |
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| 29 Mar 2019 | Hisdesat €750m Spanish state loan for SpainSat NG | Government finance | €750m |
| 16 Jan 2019 | EIB additional €10m loan to Avio | Government finance | €10m |
| 20 Nov 2020 | UK Government and Bharti Global acquisition of OneWeb out of Chapter 11 | Government finance | US$1bn |
Sources
- ADB: ADB's first satellite financing to expand internet access in Asia and Pacific adb.org · 2 Dec 2019
About this record
Record ORB-2019-0015, taken from an issuer, lender or government announcement. Confirmed against the primary documents listed. Amounts are as announced; US$ equivalents use approximate annual average exchange rates. Spotted an error or have a document we have missed? Send a correction, and changes are logged on Updates and corrections.
Read the structure
Government and EU money comes as loans, guarantees or grants tied to a policy aim, with conditions on use of proceeds and reporting.
