SES to redeem €550 million deeply subordinated fixed-rate securities

By Mary-Katherine Stinson

Lexington, Ky., Dec. 4 – SES SA issued a notice of redemption to the holders of its €550 million deeply subordinated fixed-rate resettable securities issued on Nov. 29, 2016 (ISIN: XS1405765659), according to a notice.

All the outstanding securities will be redeemed at par on the relevant call date falling on Jan. 29. Accrued interest will also be paid.

Following the redemption, the securities will be canceled.

The satellite and terrestrial telecommunications network provider is based in Betzdorf, Luxembourg.

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