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SES Prices Hybrid Bond Offering of EUR 750 Million

Monday, June 6, 2016   (0 Comments)
Posted by: SES
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Luxembourg, 3 June 2016 – SES S.A.(Euronext Paris and Luxembourg Stock Exchange: SESG) today announced the pricing of an inaugural hybrid bond offering. SES has agreed to sell:

·        EUR 750 million of Deeply Subordinated Fixed Rate Resettable Securities

·        Coupon of 4.625%

This transaction is of strategic and long-term importance for SES, and complements the recent equity raise which generated gross proceeds of EUR 908.8 million. Together these transactions are fully consistent with SES’s commitment to maintaining its investment grade credit rating (BBB/ Baa2) in the context of the acquisition of a 100% interest in O3b Networks.

View the full release here.

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