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Article: Citigroup joins SES Global's [euro]500m return to Eurobond market.
- Article from:
- Financial News
- Article date:
- November 3, 2003
CopyrightCOPYRIGHT 2003 Financial News Publishing Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Byline: Vivek Ahuja
Citigroup has been appointed the fourth bank to help raise [euro]500m ($579.4m) for SES Global, the Luxembourg-based satellite company, through a debut euro-denominated bond . The company pulled euro bond plans nine months ago in the face of adverse market conditions.The US bank will join the three banks hired to arrange the original bond - Deutsche Bank, Dresdner Kleinwort Wasserstein and SG - as bookrunners of the benchmark transaction. SES Global held a European roadshow throughout last week and will launch the deal this week.
Bankers close to SES Global, rated Baa2 by Moody's Investors Service and BBB by Standard & Poor's, ...