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SES Set To Launch Eurobond

By | November 4, 2003

      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.”

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