EMTN Programme & Eurobonds
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 EUR 5.5 billion.
SES and SES AMERICOM INC. respectively have issued the following senior unsecured obligations which rank pari passu with all other unsecured senior indebtedness of SES. The notes issued by SES are unconditionally and irrevocably guaranteed by SES AMERICOM INC. and - vice versa - the notes issued by SES AMERICOM INC. are unconditionally and irrevocably guaranteed by SES.
Following the EUR 1 billion bond issuance on 24 Jun 2025, the Group entered into a cross-currency swap agreement, under the terms of which the Group exchanged EUR-denominated principal and interest payments for their USD-denominated equivalents, effectively synthetically converting the bonds into USD.
As per 30 Jun 2025, the following Eurobonds were outstanding:
| ISIN Security Code | Bloomberg Code (SESGFP) | Issue Date | Amount in EUR | Coupon | Maturity |
| XS1796208632 | AR7568900 | 22 Mar 2018 | 650m | 1.625% | 22 Mar 2026 |
| XS2075811781 | ZQ326823 | 04 Nov 2019 | 500m | 0.875% | 04 Nov 2027 |
| XS2196317742 | BK184944 | 02 Jul 2020 | 400m | 2.0% | 02 Jul 2028 |
| XS2489775580 | BX0411872 | 14 Jun 2022 | 750m | 3.5% | 14 Jan 2029 |
| XS3100767915 | YN466242 | 24 Jun 2025 | 500m | 4.1% | 24 Jun 2030 |
| XS3100773996 | YN466246 | 24 Jun 2025 | 500m | 4.9% | 24 Jun 2033 |
European Private Placement under the EMTN programme
| ISIN Security Code | Bloomberg Code (SESGFP) | Issue Date | Amount in EUR | Coupon | Maturity |
| XS 0786606789 | EJ206178 | 31 May 2012 | 140m | 4.000% | 31 May 2027 |