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SES S.A. announced the successful launch and pricing of a bond offering in which it has agreed to sell senior unsecured fixed rate notes due in 2028 for a total amount of EUR 400 million. The notes will bear a Coupon of 2.00% per annum and were priced at 99.445% of their nominal value.
SES is rated Baa2 by Moody’s (with negative 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 2.5 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, whereby the...
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