Connectivity

SES Places Bond Worth 650-Million Euros

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[Satellite TODAY 03-03-10] SES has placed a 10-year Eurobond worth about 650 million euros ($881.7 million), the company announced March 1.
    The bond, priced at 99.467 euros ($134.92), was issued by SES S.A. and guaranteed by SES Global Americas Holdings GP.
    This transaction represents the longest-dated Eurobond issued by the company, and its return to the debt capital markets after its last public transaction in June, when it placed a five-year bond 650 million euros. The transaction was more than 4.5 times oversubscribed with orders from nearly 200 investors. 

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