Eutelsat: successful bond offering

(CercleFinance.com) - Eutelsat announces the successful completion of its offering of E600m in aggregate principal amount of senior fixed-rate bonds maturing in 2029, which will bear interest at an annual rate of 9.
75% and will be issued at 100% of their nominal value.

In particular it plans to use the gross proceeds of the offering, together with part of its cash position, to finance the buyback of E800m in existing bonds at 2% due in 2025 under the previously announced buyback offer.

The satellite operator adds that the settlement-delivery date for the new bonds and the buyback offer is scheduled for 8 April, subject to customary completion conditions.


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