SES Set To Launch Eurobond
SES Global [Luxembourg: SESG], a Luxembourg-based satellite operator and manufacturer, said it plans to launch an inaugural benchmark eurobond, subject to market conditions. SES confirmed that the bond issue aims to broaden the funding base of the company and refinance existing debt. Mark Roberts, vice president of investor relations at SES Global, told SATELLITE TODAY: “We haven’t established the total size of the eurobond. We would expect it to be worth at least 500 million euros ($572.5 million). The response from the market has been very positive and we are now setting the size and price for the offering. This will be completed over the next couple of days.”
For more international coverage of the satellite market, see the Nov. 10 issue of SATELLITE NEWS. For more info on subscribing to PBI Media’s satellite newsletters, check out our Web site at https://www.satellitetoday.com .