Press Releases

Press release

SES advances next-generation MEO strategy following successful completion of IRIS² Rendez-vous 1

IRIS² expands SES's differentiated MEO architecture while supporting Europe's secure, sovereign multi-orbit connectivity ambitions

Image of an orange sunset from a ship's deck.

EXPLORA I, Explora Journeys’ first ship, will benefit from SES’s world-leading connectivity service that aligns with Explora Journeys’ long-held ambition to redefine luxury ocean travel Read More

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First SES C-band satellite dedicated to freeing up lower 300 MHz of C-band spectrum will ensure SES can continue providing video and data services to its customers while enabling wireless operators to quickly deploy 5G services across the US Read More

SES‑22 satellite undergoing testing in an acoustic chamber.

First SES C-band satellite dedicated to freeing up lower 300 MHz of C-band spectrum, enabling wireless operators to deploy 5G services across the US Read More

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Very high throughput geostationary satellite will expand high-speed network capabilities and accelerate digitalisation in the region Read More

Luxembourg, 7 June 2022 – SES S.A. today announced the successful launch and pricing of a bond offering in which the company has agreed to sell senior unsecured fixed rate notes due in 2029 for a total amount of EUR 750 million. The new notes will bear a coupon of 3.50% and were priced at 99.725% of their nominal value, representing a credit spread of 175bps and a yield-to-maturity of 3.55%.

SES is rated Baa2, negative outlook by Moody’s and BBB, stable outlook by Fitch. Proceeds of the issuance will be used for general corporate purposes, which include the refinancing of existing debt.

With this transaction, which was oversubscribed by more than two times, SES has taken advantage of the current credit market conditions to further strengthen its liquidity profile well ahead of the USD 750 million senior debt maturity in April of next year. As a result of today’s transaction, SES has no senior debt maturities to be refinanced until 2024.

BNP Paribas, Commerzbank, Goldman Sachs International, JP Morgan, Société Générale and SMBC acted as Joint Bookrunners. The settlement is scheduled for 14 June 2022 and application has been made for the notes to be listed on the Luxembourg Stock Exchange. The securities were placed with a broad range of institutional investors across Europe.

Sandeep Jalan, Chief Financial Officer of SES, commented: “We are very pleased to have secured this financing which allows us to further strengthen our liquidity position in an environment of rising interest rates. The successful conclusion of this bond offering reflects the market's view of SES as a strong investment grade credit and underlines the ability of SES to secure funding at attractive terms."

For further information please contact:

Richard Whiteing
Investor Relations
Tel: +352 710 725 261
[email protected]

Suzanne Ong
External Communications
Tel: +352 710 725 500
[email protected]

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Image of satellite antennas reflected across a large, mirrored building in Betzdorf.

SES’s affiliate wins recompete contract in support of the U.S. Army Intelligence and Security Command with advanced and secure SATCOM services Read More