Eutelsat issues €300 million bonds

Satellite operator Eutelsat has successfully issued €300 million of 10-year senior unsecured bonds.

The order book for the bonds reached more than €1.5 billion, which Eutelsat said demonstrating the market’s confidence in its long-term business.

The bonds will be issued at 99.148% and redeemed at 100% of their principal amount. The delivery and settlement of the bonds are expected to occur on October 9. As a result of this new financing, Eutelsat said it will extend the weighted maturity of its financing from 5.2 years at 30 June 2012 to 5.5 years today.