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SES S.A. (Euronext Paris and Luxembourg Stock Exchange: SESG), operator of a global fleet of 44 communication satellites, has successfully placed a EUR650 million 10-year Euro bond. The bond, issued by SES S.A. and guaranteed by SES Global Americas Holdings GP, was priced at 99.486 with a coupon of 4.750% (Mid-Swap +137 bps). SES is rated Baa2/BBB/BBB (all stable). With this opportunistic transaction, SES S.A. takes advantage of the strong appetite from investors for longer-dated corporate bonds to extend its debt maturity profile. This transaction represents another long-dated Eurobond issued by the Company and its return to the debt capital markets after its last public transaction in March 2010 when it also placed a EUR650 million ten-year bond. The transaction was 2.7 times...
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