Recent Updates — SGBAF
SES accepted for purchase all validly tendered notes totaling €363,397,000 in principal amount without pro-rata scaling. The company purchased the debt at a price of 97.330% of par, yielding approximately 3.442%. Settlement is expected on October 7, 2026, after which €136,603,000 in aggregate principal amount will remain outstanding. SES intends to cancel the purchased notes. SES operates in the space industry, providing satellite communications and connectivity solutions.
SES S.A. priced €500 million in senior unsecured fixed rate notes due in 2031 at a coupon of 5.625%, issued at 99.667% of nominal value. Proceeds will fund general corporate purposes and refinance €500 million Guaranteed Notes maturing on November 4, 2027, supporting the company's deleveraging strategy. The settlement is scheduled for October 6, 2026, with listing applications submitted to the Luxembourg Stock Exchange’s Euro MTF market. Joint Global Coordinators included BNP Paribas, ING Belgium SA/NV, Landesbank Baden-Württemberg, and Mizuho Bank Europe N.V., alongside Goldman Sachs International, Commerzbank Aktiengesellschaft, Intesa Sanpaolo S.p.A., and KBC Bank NV as Joint Bookrunners. SES operates in the satellite communications industry, providing global connectivity solutions via its fleet of high-throughput satellites.
SES announced an interim dividend of EUR 0.25 per A-share and EUR 0.10 per B-share, payable on October 15, 2026, as part of a commitment to provide at least EUR 0.50 in total dividends for fiscal year 2026. The company also appointed Michel Scholer, Secretary General of the Luxembourg Government and former IMF Senior Adviser, to its Board of Directors effective immediately. SES operates in the satellite communications industry.
SES successfully launched its eleventh, twelfth, and thirteenth O3b mPOWER satellites aboard a SpaceX Falcon 9 rocket from Cape Canaveral on September 13, 2026. This launch completes the second-generation medium Earth orbit (MEO) constellation, which will join ten existing operational spacecraft once fully deployed by mid-2027. The expanded network aims to provide high-performance connectivity for enterprise, government, and mobility customers in underserved areas while enhancing system resiliency and capacity. SES operates in the global satellite communications industry, providing integrated multi-orbit space solutions for secure data relay, cloud connectivity, and video content delivery.
SES announced an expanded strategic investment and collaboration with Elveo Mobile, formed from the merger of Lynk and Omnispace. The partnership aims to accelerate global direct-to-device (D2D) services by integrating SES's GEO and MEO networks with Elveo's low-Earth orbit infrastructure. This multi-orbit solution targets mobile telecom, enterprise, and government customers. SES operates in the satellite communications industry.
SES announced the successful completion of Rendez-vous 1 (RDV1) for the EU's IRIS² programme, confirming readiness to proceed with implementation and validating baseline costs and technical requirements. SES’s expected capital commitment for the MEO segment is up to €1.35 billion, covering the deployment of 18 satellites with targeted service entry in 2030. The investment includes approximately 90% commercially exploitable capacity, generating long-term revenue opportunities across government, mobility, enterprise, and cloud connectivity markets. SES will design payloads and perform assembly, integration, and testing in Luxembourg, while leading user terminal development and operations. The contract’s Internal Rate of Return is expected to meet a minimum 10% hurdle rate. SES operates in the global satellite communications industry, providing integrated multi-orbit connectivity solutions for government and commercial customers.