SES Places 650 Million Euro Bond

[Satellite Today 07-02-09] SES placed a five-year, 650 million euro ($915.61 million) bond, the company announced July 1.
    The bond represents the company's first benchmark Euro bond placement since October 2006, when it placed 500 million euros ($704.3 million) of seven-year bonds, complemented by a 300 million euros ($422.6 million) three-year floating rate note.
    The transaction was 5.8 times oversubscribed, with orders from nearly 200 investors spread across Europe and the United States. BBVA, Deutsche Bank, Morgan Stanley, Royal Bank of Scotland and Société Générale acted as joint book runners for the bond placement.

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