|
SES S.A. (Euronext Paris and Luxembourg Stock Exchange: SESG), operator of a global fleet of 40 communication satellites, has successfully placed a EUR 650 million five-year Euro bond. The bond, issued by SES Global Americas Holdings GP, was priced at 99.433 with a coupon of 4.875% (Mid- Swap +210bp). SES is rated Baa2/BBB (negative/stable). The offering was priced following an Investor Conference Call. This represents the company's first benchmark Euro bond since October 2006 when it placed EUR 500 million of seven-year bonds, complemented by a EUR 300 million threeyear Floating Rate Note. The transaction was 5.8 times oversubscribed with orders from nearly 200 investors spread across Europe and the US. The bond was priced at the tight end of the price guidance. BBVA, Deutsche Bank,...
|