Eutelsat Communications has issued a new set of 10-year senior unsecured bonds for a total of €300 million.
The order book for the bonds reached more than €1.5 billion. The bonds will be issued at 99.148% and redeemed at 100% of their principal amount and will have a coupon of 3.125% per annum.
has been made for the Bonds to be listed on the Official List and admitted to trading on the Luxembourg Stock Exchange. The Bonds will mature on the 10th anniversary of their issue. The delivery and settlement of the Bonds are expected to occur on October 9, 2012.
As a result of this new financing, the Eutelsat Communications Group will extend the weighted maturity of its financing from 5.2 years at June 30, 2012 to 5.5 years at October 1, 2012.
The Company was able to take advantage of the very competitive current market environment to raise long-term financing with a 10-year maturity at attractive conditions.
Joint-bookrunners were Crédit Agricole and Société Générale.