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SES announces its H1 2010 Financial Reporting on Friday, 30 July 2010.
Investor Day
Debt / Loan Facilities
Eurobonds
SES has a Euro Medium Term Note Programme (EMTN), which supports SES access to debt markets as and when required. The programme allows for total debt issuance up to Euro 4bn.
At 12 March 2010 outstanding SES Eurobonds were:
| ISIN Security Code |
Issue date |
Amount | Currency | Coupon | Maturity | Bloomberg code (SESGLX) |
| XS 0247588857 | 15/03/06 | 650m | Euro | 4% | 15/03/11 | EF 3176759 |
| XS 0271527599 | 20/10/06 | 500m | Euro | 4.375% | 21/10/13 | EF 7619101 |
| XS 0438380247 | 09/07/09 | 650m | Euro | 4.875% | 09/07/14 | EH 8876821 |
| XS 0493098486 | 09/03/10 | 650m | Euro | 4.625% | 09/03/20 | EI 1725007 |
European Private Placement under the EMTN-programme
| ISIN Security Code |
Issue date |
Amount | Currency | Coupon | Maturity | Bloomberg code (SESGLX) |
| XS 0440643087 | 05/08/09 | 150m | Euro | 5.05% | 05/08/16 | 5.05 08/16 Corp |
Uncommitted Money Market Facilities
SES has negotiated short term uncommitted credit facilities with several banks. These facilities enable short term funding requirements to be met for +/- Euro 190m of debt on demand.
U.S. Private Placement
SES has debt under a U.S. private placement as follows:
|
Series
|
Currency
|
Amount
|
Rate
|
Maturity
|
Repayment
|
|
A
|
USD
|
343m
|
5.29%
|
2013
|
To be amortized / reimbursed over remaining life of loan starting in Sept. 2007
|
|
B
|
USD
|
513m
|
5.83%
|
2015
|
To be amortized / reimbursed over remaining life of loan starting in Sept. 2011
|
|
C
|
USD
|
87m
|
5.93%
|
2015
|
Bullet debt to maturity
|
|
D
|
GBP
|
24m
|
5.63%
|
2013
|
To be amortized / reimbursed over remaining life of loan starting in Sept. 2007
|
Schuldschein
In June and July 2008, SES issued two Schuldschein Tranches with a total amount of Euro 200m with the maturity date 14 November 2012.
Euro Commercial Paper Programme
SES has a Euro 500m commercial paper programme in France. This enables short term borrowing of up to 12 months in maturity. The borrowing facility is renewed annually.
Syndicated Credit Facility
On 23 April 2009, SES signed a three year syndicated credit facility of 2 billion Euros with a group of 23 banks. The margin and the amount available will vary from year to year as shown by the table below.
EIB
SES also concluded a 200 million Euro loan in April 2009. It has an eight year maturity and the amortisation will start after year two.
Coface
The Export Credit Funding Facility, signed on December 16th 2009 over 523 MEUR, arranged by three banks, for the procurement of four satellites (ASTRA 2E, 2F, 2G and 5B from Astrium) is backed by a guarantee from Coface. The facility will mature in 2022.
