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LONDON - SES, a global satellite operator, announced Monday that no market stabilization measures were required for its recent €1 billion dual-tranche bond offering, according to a post-stabilization notice issued by Morgan Stanley & Co (NYSE:MS). International plc.
The offering consisted of two tranches: €500 million in Fixed Rate Guaranteed Notes due 2030 and €500 million in Fixed Rate Guaranteed Notes due 2033. The 2030 notes were priced at 99.880% while the 2033 notes were priced at 99.631%. Both note series are guaranteed by SES Americom, Inc.
Morgan Stanley served as the lead stabilization manager for the transaction, alongside co-managers Deutsche Bank (ETR:DBKGn) Aktiengesellschaft, Goldman Sachs International, ING Bank N.V. (Belgian Branch), J.P. Morgan Securities plc, and Société Générale (EPA:SOGN).
The announcement follows a pre-stabilization notice dated June 17, 2025. Stabilization measures, which are sometimes implemented to support the price of newly issued securities, were deemed unnecessary in this case, suggesting strong market reception for the notes.
The securities have not been registered under the United States Securities Act of 1933 and are not being offered in the United States, according to the company’s statement based on the press release.
The 2030 notes carry the ISIN code XS3100767915, while the 2033 notes are identified by ISIN XS3100773996.
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