SES Global S.A. has successfully priced a 2-tranche 800mm euro Bond Offering, comprising a 300mm euro 3-year floating rate note priced at par with a coupon of 3mth Euribor + 25 bps and a 500mm euro 7-year fixed rate note priced at 7-year Mid Swaps + 55 bps, achieving a coupon of 4.375%. The offering was priced following an Investor Conference Call.
This transaction represents SES GLOBAL's second foray into the bond markets during 2006 as the Company decided to take advantage of attractive financing conditions in order to refinance its drawn bilateral facilities.
The successful transaction was 2.6 times oversubscribed with orders from nearly 120 investors spread across Europe and the US. Both tranches were priced at the tight end of the price guidance.
Barclays Capital, Citigroup, Societe Generale acted as Joint bookrunners and BBVA, BOTM as co-managers.
