Eutelsat S.A. announces successful new 10-year bond issuance
1 October 2012
Eutelsat Communications announced the successful new issuance by Eutelsat S.A. of 10-year senior unsecured bonds (the "Bonds") for a total of €300 million.
The order book for the Bonds reached more than €1.5 billion, demonstrating the market's confidence in the long term business model of the Eutelsat Group. The Bonds will be issued at 99.148 percent and redeemed at 100 per cent of their principal amount and will have a coupon of 3.125 percent per annum. The Bonds will be cleared through Clearstream and Euroclear. Application has been made for the Bonds to be listed on the Official List and admitted to trading on the regulated market of the Luxembourg Stock Exchange. The Bonds will mature on the 10th anniversary of their issue. The delivery and settlement of the Bonds are expected to occur on 9 October 2012.
As a result of this new financing, the Eutelsat Communications Group will extend the weighted maturity of its financing from 5.2 years at 30 June 2012 to 5.5 years today.
The Company was able to take advantage of the very competitive current market environment to raise long-term financing with a 10-year maturity at attractive conditions.