Global Coordinators Structuring Agents News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Stay updated with breaking news from Global coordinators structuring agents. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.

Top News In Global Coordinators Structuring Agents Today - Breaking & Trending Today

SES Successfully Prices EUR 625 Million Hybrid Bond Offering


SES Successfully Prices EUR 625 Million Hybrid Bond Offering
Friday, May 21, 2021 1:23PM IST (7:53AM GMT)
 
Luxembourg:
 
SES S.A. announced the successful launch and pricing of a hybrid bond offering in which it has agreed to sell Deeply Subordinated Fixed Rate Resettable Securities for a total amount of EUR 625 million, with a first reset date on 27 August 2026. The notes will bear a Coupon of 2.875% per annum and were priced at 99.409% of their nominal value.
 
SES Successfully Prices EUR 625 Million Hybrid Bond Offering (Photo: Business Wire)
The instrument’s credit ratings are expected to be Ba1/BB with Moody’s and Standard & Poor’s respectively. The hybrid bonds issued by SES are non-dilutive instruments that are expected to receive 50% equity credit by both rating agencies and be classified as equity under IFRS. Proceeds of the issuance will be used for general corporate ....

United States , France General , United Kingdom , Richard Whiteing , Sandeep Jalan , Financial Services , Goldman Sachs International , Luxembourg Stock Exchange , Intesa Sanpaolo As Co , Hybrid Bond Offering , Business Wire , Global Coordinators , Structuring Agents , Mizuho Securities , Joint Bookrunners , Intesa Sanpaolo , Luxembourg Stock , Chief Financial Officer , Securities Act , Member States , European Economic Area , Prospectus Directive , Markets Act , Financial Promotion , Media Contact , Hybrid Bond Offering ,