MEASAT US$180m ECA-backed project financing for MEASAT-3d
Construction and launch of MEASAT-3d, replacing ageing satellites and adding high-throughput capacity over Malaysia
Key terms
- Borrower or issuer
- MEASAT
- Date
- 28 Sep 2021
- Type
- Export credit
- Amount
- US$180m
Recorded terms
- Structure
- Long-term non-recourse ECA-covered facilities plus equity
- Lenders and arrangers
- Natixis CIB (bridge provider, ECA coordinator, ECA structuring bank, mandated lead arranger, ECA agent and hedging bank), ING and SMBC (mandated lead arrangers); one facility 95% covered by Bpifrance Assurance Export with UK Export Finance reinsurance, one 95% covered by Euler Hermes
- Country
- Malaysia
Parties
- MEASAT borrower or issuer
- Lenders: SMBC Group, Natixis
- Public lenders and funders: UK Export Finance, Bpifrance, Euler Hermes / Allianz Trade
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More from MEASAT
| Date | Financing | Type | Amount |
|---|---|---|---|
| 24 Jul 2023 | MEASAT US$112m refinancing of MEASAT-3b | Bank facility | US$112m |
Sources
- Natixis CIB supports MEASAT for the construction and launch of its MEASAT-3d satellite home.cib.natixis.com · 28 Sep 2021
About this record
Record ORB-2021-0010, taken from an issuer, lender or government announcement. Confirmed against the primary documents listed. Amounts are as announced; US$ 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
Export credit agencies lend or guarantee against an export contract, which lowers pricing and stretches tenor for the buyer.
