Energy News  
SPACEMART
SES Successfully Places 650 Million 10-year Euro Bond

-
by Staff Writers
Luxembourg (SPX) Mar 03, 2011
SES S.A. has successfully placed a euros 650 million 10-year Euro bond. The bond, issued by SES S.A. and guaranteed by SES Global Americas Holdings GP, was priced at 99.486 with a coupon of 4.750% (Mid-Swap +137 bps). SES is rated Baa2/BBB/BBB (all stable).

With this opportunistic transaction, SES S.A. takes advantage of the strong appetite from investors for longer-dated corporate bonds to extend its debt maturity profile. This transaction represents another long-dated Eurobond issued by the Company and its return to the debt capital markets after its last public transaction in March 2010 when it also placed a euros 650 million ten-year bond.

The transaction was 2.7 times oversubscribed with orders from nearly 140 investors. This warm reception allowed a placement of the bonds toward the highest quality investor base with asset managers representing 72% while insurers and pension fund took 8%. Investor interest was spread across Europe with UK 28%, France 25%, Germany/Austria 15% and Rest of Europe representing 32%. Finally, the bond was priced at the tight end of the price guidance.

Andrew Browne, Chief Financial Officer of SES, commented: "We are pleased to have secured this facility and to have extended our debt maturity. The successful conclusion of this bond reflects SES' position as a strong credit, and underlines our ability to secure long term funding on attractive terms."

BBVA, Deutsche Bank, Goldman Sachs, ING, JP Morgan and Societe General acted as joint bookrunners.







Share This Article With Planet Earth
del.icio.usdel.icio.us DiggDigg RedditReddit
YahooMyWebYahooMyWeb GoogleGoogle FacebookFacebook



Related Links
SES
The latest information about the Commercial Satellite Industry



Memory Foam Mattress Review
Newsletters :: SpaceDaily :: SpaceWar :: TerraDaily :: Energy Daily
XML Feeds :: Space News :: Earth News :: War News :: Solar Energy News


SPACEMART
Murdoch offers to sell Sky News channel: report
London (AFP) March 2, 2011
Rupert Murdoch's News Corp has offered to sell its Sky News TV channel to clear the way for the media giant's proposed bid to gain full control of British pay-TV giant BSkyB, the BBC reported on Wednesday. The sale of the rolling news channel is seen as a move to reassure the British government, which is mulling whether to refer News Corp's proposed Pounds 7.5 billion ($12.2 billion, nine-billion- ... read more







SPACEMART
New Day Dawns For Satellite To Study Earth's Ozone Layer

NASA's Bolden defends Earth science

NASA to launch Earth observation satellite Friday

Good Progress On Troubleshooting

SPACEMART
China To Establish Global Satellite Navigation System By 2020

EGNOS Navigation System Begins Serving Europe's Aircraft

Beijing to trial mobile tracking system: report

Shark Tracking Reveals Impressive Feats Of Navigation

SPACEMART
Scientists Study Control Of Invasive Tree In Western US

Four New Species Of Zombie Ant Fungi Discovered

Climate Change Causing Demise Of Lodgepole Pine In Western North America

Bacteria Living On Old-Growth Trees May Help Forests Grow

SPACEMART
Microorganism creates fuel, company says

Turning Bacteria Into Butanol Biofuel Factories

Sewage Plant Waste Water As A Huge New Energy Source

Sugarcane Bioethanol: Environmental Implications

SPACEMART
LADWP And SolarWorld Partner To Develop PV Power System In LA

PV Evolution Labs Launches Independent Solar Testing Facilities

Enecsys Announces The Cost-Saving, Solar PV Duo

EverGEN Solar Powered Lights Selected For Popular City Bike Path

SPACEMART
GL Garrad Hassan Delivers Wind Map Of Lebanon

Eon to build fifth U.K. offshore wind farm

GL Garrad Hassan Launches Onshore Wind Resource Mapping For UK

Construction Begins On Dempsey Ridge Wind Project

SPACEMART
China says over 2,400 dead in coal mines in 2010

China mine blast death toll up to 26: state media

SPACEMART
Rights groups slam China Jasmine 'repression'

China to raise minimum income tax threshold

China warns journalists on 'Jasmine' rallies

Revamped China history museum skips taboo subjects


The content herein, unless otherwise known to be public domain, are Copyright 1995-2010 - SpaceDaily. AFP and UPI Wire Stories are copyright Agence France-Presse and United Press International. ESA Portal Reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. Advertising does not imply endorsement,agreement or approval of any opinions, statements or information provided by SpaceDaily on any Web page published or hosted by SpaceDaily. Privacy Statement