Hong Kong – Kingsbridge Ltd, the holding company of Asia Broadcast Satellite’s (ABS) group of operating companies has successfully closed a US$215m five year senior bank loan from a financial consortium. The financing will be used to fully fund the capital expenditure programme for ABS-2, a state-of-the-art high powered satellite to be launched at 75°E in 2013, as well as to provide funds for future strategic initiatives and acquisitions. ABS’ prime orbital locations currently cover 80 per cent of the world’s population. It is targeting high growth markets in Asia, Russia, Africa and the Middle East and has five satellites in the fleet as well as the ABS-2 satellite in the pipeline.