Asia Broadcast Satellite is currently holding a broker competition for the launch plus one insurance placement of its forthcoming ABS-2 satellite. Brokers have been pitching for the mandate in New York and a decision is expected by year end. The…
Asia Broadcast Satellite is currently holding a broker competition for the launch plus one insurance placement of its forthcoming ABS-2 satellite. Brokers have been pitching for the mandate in New York and a decision is expected by year end. The insurance will then be placed in the new year.
The timing follows a similar pattern to ABS’ planned US$250m high-yield bond issue, with the RfP having been recently sent out and an offering expected to take place in the first quarter of 2011.
ABS-2 will be based on Space Systems/Loral’s LS-1300 platform and will carry up to 87 C-band, Ku-band and Ka-band transponders. The satellite is due to be launched by Arianespace in early 2013 and will be located at 75E.
Willis has traditionally been ABS’ incumbent broker with regard to its in-orbit fleet renewal.
