SES GLOBAL Issues Benchmark EUR 650 Million Eurobond.BETZDORF, Luxembourg Betzdorf (Luxembourgish: Betzder) is a commune and village in eastern Luxembourg. It is part of the canton of Grevenmacher, which is part of the district of Grevenmacher. The commune's administrative centre is Berg. -- SES GLOBAL S.A. (PINK SHEETS:SGBAF)(EURONEXT:SESG SESG Systems Engineering Steering Group SESG Software Engineering Support Group SESG System Engineering Sub-Group ) (LuxX:SESG) announces that the company has today issued an inaugural Benchmark Eurobond under its EUR EUR In currencies, this is the abbreviation for the Euro. Notes: The currency market, also known as the Foreign Exchange market, is the largest financial market in the world, with a daily average volume of over US $1 trillion. 2 billion European Medium Term Note programme. The proceeds of the issue will be applied to refinance existing debt and for general corporate purposes. The five-year, EUR 650 million transaction was well received by the market, being sizably oversubscribed Refers to connecting more users to a system than can be fully supported if all of them were using it at the same time. Networks and servers are almost always designed with some amount of oversubscription, counting on the fact that everybody does not need the service simultaneously. when the book building closed on Tuesday evening, following an intensive three-day road show in Europe's principal financial centres. The market's reaction led the Company to increase its initial target size for the issue from EUR 500 million to EUR 650 million. The new issue was subsequently priced at 48 basis points over mid-swaps offering a coupon of 4 %. |
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