Eutelsat raises €930m in bond issue
December 10, 2013
By Chris Forrester
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.