Eutelsat reports ‘success’ for €800MN seven-year bond issuance | Media Investment | Business
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As part of its ongoing financial restructuring strategy, and in its eyes taking advantage of attractive market conditions to raise long-term financing, Eutelsat has announced a successful bond issue worth €800 million.
eutelsat 10August2018
The seven-year bond, maturing on 2 October 2025, is set to bring a positive cash impact of €24 million per annum to the leading satellite operator as it refinances the existing outstanding bonds issued on 14 December 2011. These bear interest on its principal amount at a fixed rate of 5% per annum which is due in January 2019.

The new bonds will be issued at 99.400% and, at maturity, will be redeemed at 100% of their principal amount at maturity. They will have a coupon of 2% per annum and will be cleared through Euroclear France, Clearstream and Euroclear. An application will be made for the Bonds to be listed on the Official List and admitted to trading on the regulated market of the Luxembourg Stock Exchange. The Bonds will Delivery and settlement are expected on or around 2 October 2018.

Eutelsat added that the transaction was well received by what it described as a ‘diversified’ investor base and was over-subscribed, demonstrating the market’s confidence in its long-term business model.