Eutelsat Communications (Euronext Paris:ETL) has announced the successful issue by Eutelsat S.A. of 7-year senior unsecured bonds (the “Bonds”) for a total of EUR 800 million, the company said.
Eutelsat has taken advantage of the current competitive market environment to raise long-term financing with a 7-year maturity at attractive conditions. The transaction was well received by a diversified investor base and was over-subscribed, demonstrating the market´s confidence in Eutelsat´s long-term business model.
The Bonds will be issued at 99.400 per cent and, at maturity, will be redeemed at 100 per cent of their principal amount at maturity. They will have a coupon of 2.000 per cent per annum and will be cleared through Euroclear France, Clearstream and Euroclear.
The Bonds will mature on 2 October 2025. Delivery and settlement are expected on or around 2 October 2018.
The Bonds will enable Eutelsat S.A. to redeem at maturity the outstanding bonds issued on 14 December 2011 for a total principal amount of EUR 800 million, bearing interest on its principal amount at a fixed rate of 5.000 per cent per annum and due January 2019.
Founded in 1977, Eutelsat Communications is one of the world´s satellite operators. With a global fleet of satellites and associated ground infrastructure, Eutelsat enables clients across Video, Data, Government, Fixed and Mobile Broadband markets to communicate effectively to their customers, irrespective of their location. Eutelsat Communications is listed on the Euronext Paris Stock Exchange (ticker: ETL). For more about Eutelsat go to www.eutelsat.com