SES €750m 3.5% notes due 2029
Key terms
- Borrower or issuer
- SES
- Date
- 14 Jun 2022
- Type
- Bond
- Amount
- €750m (US$790m)
- Pricing
- 3.5%
- Maturity
- 2029-01-14
- Rating at issue
- BBB (Fitch issuer rating)
Recorded terms
- Structure
- Senior unsecured Eurobond under the EMTN programme (ISIN XS2489775580)
- Country
- Luxembourg
Rating at issue
No rating is stated in the issue documents found. Fitch's Long-Term Issuer Default Rating on the issue date was BBB (action of 11 Mar 2022, Fitch rating history).
Ratings change over time; check the agencies for the current rating.
Parties
- SES borrower or issuer
Similar financings
| Date | Financing | Type | Amount |
|---|---|---|---|
| 10 Jun 2022 | Maxar Technologies US$500m 7.75% senior notes due 2027 | Bond | US$500m |
| 21 Sep 2023 | Viasat US$733m 7.500% senior notes due 2031 | Bond | US$733.4m |
| 7 Oct 2020 | Eutelsat €600m 1.5% bond due 2028 | Bond | €600m |
| 27 Mar 2024 | Eutelsat €600m senior notes due 2029 | Bond | €600m |
| 18 Jun 2020 | Viasat US$400m 6.500% senior notes due 2028 | Bond | US$400m |
More from SES
| Date | Financing | Type | Amount |
|---|---|---|---|
| 24 Mar 2026 | SES €650m 7.375% perpetual hybrid | Bond | €650m |
| 24 Jun 2025 | SES €1bn senior notes (4.125% 2030 and 4.875% 2033) | Bond | €1bn |
| 23 Dec 2024 | EIB €150m loans to SES (2024) | Government finance | €150m |
| 6 Sep 2024 | SES €1bn hybrid dual-tranche bonds | Bond | €1bn |
| 19 Jun 2024 | SES acquisition financing for Intelsat | Acquisition finance | €3bn |
| 16 Dec 2022 | EIB €300m loan to SES | Government finance | €300m |
M&A and investment involving SES
| Date | Deal | Type | Value |
|---|---|---|---|
| 17 Jul 2025 | SES acquisition of Intelsat | M&A | US$2.6bn |
| 1 Aug 2016 | SES acquisition of the rest of O3b Networks | Stake sale | US$730m |
Sources
About this record
Record ORB-2022-0004, taken from an issuer, lender or government announcement. Confirmed against the primary documents listed. Amounts are as announced; US$ 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.
