SES launches 750 mln euro in unsecured notes
Luxembourg’s SES SA, which likes to describe itself as the world’s only multi-orbit satellite player, has announced the successful launch of senior unsecured fixed rates due 2029 for a total amount of 750 billion euro.
The seven-year notes bear a coupon of 3.50 percent and were priced at 99.725 percent of their nominal value, representing a credit spread of 175 basis points and a yield-to-maturity of 3.55 percent.
Luxembourg’s space strategy faces reset
Luxembourg’s space sector is about to undergo a top level strategic review, with a reassessment to be made of the ambitious approach taken in recent years. This takes place against the background of the country’s satellite giant SES SA also reorienting itself.
LFDE: Space is the next big thing
Rolando Grandi, a fund manager with La Financière de l’Echiquier has highlighted the huge opportunities linked to the development of the space sector, with many companies expected to go public in the coming years.