Ex-Im Bank Approves $461 Million to Finance Export of U.S. Satellites to Hong Kong
The Export-Import Bank of the U.S. authorized two transactions aggregating $461 million to underwrite export of American-made satellites to Hong Kong. Asia Broadcast Satellite will use the satellites to upgrade and expand its fleet. In the first transaction, the bank…
Sign up for a free preview to unlock the rest of this article
If your job depends on informed compliance, you need International Trade Today. Delivered every business day and available any time online, only International Trade Today helps you stay current on the increasingly complex international trade regulatory environment.
approved a $171.29 million direct loan to ABS to fund the purchase a geostationary satellite from Space Systems/Loral Inc. and insurance. The bank also authorized a separate $289.71 million direct loan to ABS to allow it to buy two geostationary satellites from Boeing Satellite Systems International, insurance, technical support and the launch of both satellites from Space X Falcon 9. The deal will finance the first two of Boeing's all-electric-propulsion commercial satellites and the first Ex-Im Bank-backed Space X launch.