SES S.A. has announced the successful launch and pricing of a bond offering in which it has agreed to sell senior unsecured fixed rate notes due in 2027 for a total amount of EUR 500 million, the company said.
The notes will bear a Coupon of 0.875% per annum and were priced at 99.762% of their nominal value.
SES is rated Baa2 by Moody´s (with stable outlook) and BBB- by Standard & Poor´s (with stable outlook). Proceeds of the issuance will be used for general corporate purposes which includes the refinancing of existing debt.
With this transaction, which was oversubscribed by more than 5 times, SES has taken advantage of the current attractive market conditions to further strengthen its liquidity profile ahead of a EUR 650 million senior debt maturity in March of next year and issued a bond with the lowest coupon in the company´s history.
Goldman Sachs, HSBC, JP Morgan, MUFG, SMBC Nikko and Société Générale acted as Joint Bookrunners. The settlement is scheduled for 4 November 2019 and application has been made for the notes to be listed on the Luxembourg Stock Exchange. The securities were placed with a broad range of institutional investors across Europe.
SES is the world´s satellite operator with over 70 satellites in two different orbits, Geostationary Orbit (GEO) and Medium Earth Orbit (MEO). It provides a diverse range of customers with global video distribution and data connectivity services through two business units: SES Video and SES Networks. Further information is available at: www.ses.com