14 May 2018

HSBC is a proud financier of the Bangabandhu-1 satellite

Bangladesh is reaching for new frontiers of connectivity and prosperity with the successful launch of the satellite.

Bringing the world closer is an ambition we share, and the launch of the country's first satellite promises to do just that, with advancements in connectivity, communication and broadcasting services that will benefit the nation and its surrounding region.

HSBC has arranged term loan facilities of €155 million (approximately BDT 1400 crore) for Bangladesh Telecommunication Regulatory Commission (BTRC) to part finance the procurement and launching of the country's first space satellite, Bangabandhu-1.

As a Mandated Lead Arranger of this financing for Bangladesh Telecommunication Regulatory Commission (BTRC), we have provided seamless transaction execution and performed the roles of Coordinating Arranger, Account Bank, Facility and Security Agent.

HSBC Export and Specialized Finance (ESF) Hong Kong and HSBC France worked with HSBC Bangladesh's structured banking team to arrange the financing. The facility agreement was signed in September 2016 for a total tenor of 12 years. This deal is the first of its kind in the country's telecommunication sector and an example of HSBC's global network covering 67 countries and territories all over the world.

HSBC's global network has the reach, expertise and experience to help finance this most important mission and have already been awarded 'Telecom Deal of the Year in Bangladesh' by The Asset Triple A Asia Infrastructure Awards 2017.

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