BUSINESS WIRE: SES Places EUR 650 Million Euro Bond
MITTEILUNG UEBERMITTELT VON BUSINESS WIRE. FUER DEN INHALT IST ALLEIN DAS
BERICHTENDE UNTERNEHMEN VERANTWORTLICH.
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LUXEMBOURG --(BUSINESS WIRE)--01.03.2010--
SES S.A. (Paris:SESG)(LuxX:SESG), operator of a global fleet of 41
communication satellites, has successfully placed a EUR650 million ten-year
Eurobond. The bond, issued by SES S.A. and guaranteed by SES Global
Americas Holdings GP, was priced at 99.467 with a coupon of 4.625%
(Mid-Swap +135 bps). SES is rated Baa2/BBB/BBB (all stable).
With this transaction, SES S.A. takes advantage of the attractive financing
conditions and strong appetite from investors for corporate bonds, in
particular in the longer-dated segment to extend its debt maturity profile.
This transaction represents the longest-dated Eurobond issued by the
company, and its return to the debt capital markets after its last public
transaction in June 2009 when it placed a EUR650 million five-year bond.
The transaction was more than 4.5 times oversubscribed with orders from
nearly 200 investors. This warm reception allowed a placement of the bonds
toward the highest quality investor base with asset managers representing
78% while insurers and pension funds took 8%. Investor interest was well
spread across Europe with UK 35%, Germany 31% France 14% and RoE
representing 20%. Finally, the bond was priced at the tight end of the
price guidance.
Bank of America-Merrill Lynch, Barclays Capital, BNP Paribas, Commerzbank
and Credit Suisse acted as joint bookrunners.
About SES SES (Paris:SESG)(LuxX:SESG) wholly owns the market-leading
satellite operators SES ASTRA and SES WORLD SKIES, 90% of SES SIRIUS in
Europe, and participations in Ciel in Canada, QuetzSat in Mexico as well as
a strategic participation in satellite infrastructure start-up O3b
Networks. SES provides outstanding satellite communications solutions via a
global fleet of 41 satellites in 26 orbital locations. For further
information: www.ses.com
[CT]
Kontakt: SES Mark Roberts Investor Relations Tel. +352 710 725 490
Mark.Roberts@ses.com or Yves Feltes Press Relations Tel. +352 710 725 311
Yves.Feltes@ses.com
Pressekontakt:
BUSINESS WIRE
A Berkshire Hathaway Company
Sandweg 94 F
D-60316 Frankfurt a. M.
t. +49 (0)69-91 50 66-0
f. +49 (0)69-91 50 66-50
e. germany@businesswire.com
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60487 Frankfurt am Main
Telefon: +49 69 50701-0
Telefax: +49 69 50701-126
E-Mail: info@vwd.com
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