Eutelsat raises €930m in bond issue

Eutelsat SA has raised €930 million by way of a 6-year Eurobond issue that’s due for repayment in 2020, paying 2.625 per cent interest per annum. Reportedly the transaction was well received by the market and was significantly over-subscribed (to the tune of €4 billion) despite last week’s debt rating nervousness.

The cash enables Eutelsat to conclude its purchase of Mexico’s SatMex, along with its fleet of satellites, due to close in Q1/2014.

Posted by on Dec 10 2013. Filed under Articles, Business, DTH/Satellite.

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