Deutsche Bank closes USD 184M ECA financing for Thailand’s THAICOM 10 satellite project
Deutsche Bank has successfully closed a USD 184 million export credit facility for Space Tech Innovation (STI), a subsidiary of Thaicom, a leading Asian satellite operator and space technology company. The facility is guaranteed by the French Export Credit Agency (ECA), Bpifrance Assurance Export.
Under the agreement, Deutsche Bank and Standard Chartered will provide STI with a 14-year USD 184 million loan for the development of the THAICOM 10 Satellite project. The loan will finance STI’s commercial contract with France’s Airbus Defence & Space to manufacture the new Software Defined High Throughput Satellite (SD-HTS).
Next-generation satellite to boost connectivity in Thailand
THAICOM 10 satellite will enable:
Broadband internet access in remote areas
Maritime connectivity
Distance learning and telemedicine
Enhanced security
STI plans to launch it on SpaceX’s Falcon 9 rocket from Florida, USA in 2027.
Pimolpa Simaroj, Chief Country Officer of Deutsche Bank Thailand, said: “We are delighted to have completed our first ECA financing in Thailand, and support Thaicom’s groundbreaking satellite project, which will become a major milestone in the space technology sector. We hope to pave the way for future transactions that help our homegrown companies advance their local and global growth ambitions.”
This strategic partnership with Deutsche Bank highlights Thaicom’s strong expertise and long-standing presence in the satellite and space technology industry. Patompob (Nile) Suwansiri, Chief Executive Officer (CEO) of Thaicom
"The investment in THAICOM 10 marks a significant step forward in our long-term growth strategy, enhancing our operational capabilities and enabling us to deliver advanced satellite services that meet the dynamic needs of markets across the region.”
Deutsche Bank in Thailand
Deutsche Bank has been in Thailand for 47 years. The bank offers a range of corporate and investment banking solutions to multinational companies, large local corporates and financial institutions in Thailand. These services include cash management, FX, custody, trade finance, corporate finance and advisory solutions.
Pictured from left to right: Pimolpa Simaroj, Chief Country Officer for Thailand, Deutsche Bank, Patompob (Nile) Suwansiri, Chief Executive Officer (CEO) of Thaicom, Yupapin Wangviwat, Deputy Chief Executive Officer (DCEO) and Chief Financial Officer (CFO) of Gulf Development Public Company Limited (GULF) and Anchalee Bunsongsikul, Chief Executive Officer (CEO) and Head, Banking and Coverage – Thailand & Representative Offices of Standard Chartered Bank.
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Deutsche Bank has successfully closed a USD 184 million export credit facility for Space Tech Innovation (STI), a subsidiary of Thaicom, a leading Asian satellite operator and space technology company. The facility is guaranteed by the French Export Credit Agency (ECA), Bpifrance Assurance Export.
Under the agreement, Deutsche Bank and Standard Chartered will provide STI with a 14-year USD 184 million loan for the development of the THAICOM 10 Satellite project. The loan will finance STI’s commercial contract with France’s Airbus Defence & Space to manufacture the new Software Defined High Throughput Satellite (SD-HTS).
Next-generation satellite to boost connectivity in Thailand
THAICOM 10 satellite will enable:
Pimolpa Simaroj, Chief Country Officer of Deutsche Bank Thailand, said: “We are delighted to have completed our first ECA financing in Thailand, and support Thaicom’s groundbreaking satellite project, which will become a major milestone in the space technology sector. We hope to pave the way for future transactions that help our homegrown companies advance their local and global growth ambitions.”
"The investment in THAICOM 10 marks a significant step forward in our long-term growth strategy, enhancing our operational capabilities and enabling us to deliver advanced satellite services that meet the dynamic needs of markets across the region.”
Deutsche Bank in Thailand
Deutsche Bank has been in Thailand for 47 years. The bank offers a range of corporate and investment banking solutions to multinational companies, large local corporates and financial institutions in Thailand. These services include cash management, FX, custody, trade finance, corporate finance and advisory solutions.
Pictured from left to right: Pimolpa Simaroj, Chief Country Officer for Thailand, Deutsche Bank, Patompob (Nile) Suwansiri, Chief Executive Officer (CEO) of Thaicom, Yupapin Wangviwat, Deputy Chief Executive Officer (DCEO) and Chief Financial Officer (CFO) of Gulf Development Public Company Limited (GULF) and Anchalee Bunsongsikul, Chief Executive Officer (CEO) and Head, Banking and Coverage – Thailand & Representative Offices of Standard Chartered Bank.
Further links on the topic
Learn more about Deutsche Bank in Asia Pacific
Learn about Thaicom
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