Eutelsat €600m 2.25% bond due 2027
Refinance the €930m 2.625% bonds due January 2020
Key terms
- Borrower or issuer
- Eutelsat
- Date
- 6 Jun 2019
- Type
- Bond
- Amount
- €600m (US$672m)
- Pricing
- 2.25%
- Maturity
- 2027-07-13
Recorded terms
- Structure
- 8-year senior unsecured Eurobond issued by Eutelsat S.A. at 99.822
- Lenders and arrangers
- Global coordinators HSBC, SMBC Nikko; joint bookrunners Banca IMI, Crédit Agricole CIB, HSBC, SMBC Nikko, Société Générale; co-lead manager Helaba
- Country
- France
Parties
- Eutelsat borrower or issuer
- bookrunner/arranger: HSBC, Credit Agricole CIB, Societe Generale, SMBC Nikko, Intesa Sanpaolo
Similar financings
| Date | Financing | Type | Amount |
|---|---|---|---|
| 7 Jun 2019 | Intelsat US$400m 9.750% senior notes due 2025 | Bond | US$400m |
| 20 Mar 2019 | Viasat US$600m 5.625% senior notes due 2027 | Bond | US$600m |
| 4 Nov 2019 | SES €500m 0.875% notes due 2027 | Bond | €500m |
| 18 Nov 2019 | Maxar Technologies US$1,000m 9.75% senior notes due 2023 | Bond | US$1bn |
| 3 Oct 2018 | Intelsat US$700m 8.500% senior notes due 2024 | Bond | US$700m |
More from Eutelsat
| Date | Financing | Type | Amount |
|---|---|---|---|
| 5 Mar 2026 | Eutelsat €1.5bn senior notes (5.75% 2031 and 6.25% 2033) | Bond | €1.5bn |
| 11 Feb 2026 | Eutelsat export credit financing for OneWeb LEO satellites | Export credit | €975m |
| 27 Mar 2024 | Eutelsat €600m senior notes due 2029 | Bond | €600m |
| 7 Oct 2020 | Eutelsat €600m 1.5% bond due 2028 | Bond | €600m |
| Sep 2018 | Eutelsat €800m 2.00% bond due 2025 | Bond | €800m |
| 16 Jun 2016 | Eutelsat €500m 1.125% bond due 2021 | Bond | €500m |
M&A and investment involving Eutelsat
| Date | Deal | Type | Value |
|---|---|---|---|
| 12 Dec 2025 | Eutelsat €670m rights issue | Equity raise | €669.8m |
| 21 Nov 2025 | Eutelsat €828m reserved capital increase | Equity raise | €828m |
| 28 Sep 2023 | Eutelsat and OneWeb combination | M&A | Not disclosed |
Sources
- Eutelsat: Eutelsat announces successful 8-year bond issuance (AMF filing) echanges.dila.gouv.fr · 6 Jun 2019
About this record
Record ORB-2019-0009, taken from an issuer, lender or government announcement. Confirmed against the primary documents listed. Amounts are as announced; US$ equivalents use approximate annual average exchange rates. Spotted an error or have a document we have missed? Send a correction, and changes are logged on Updates and corrections.
Read the structure
Senior notes are unsecured promises to pay, priced off government bonds; the prospectus sets the covenants, the change-of-control put and the redemption terms.
