FINSIGHT

Deals

,,,,

CCY	SZE(M)	TNR	MTY	RNK	MO	SP	FI	TYPE	BNCH	IPT	GDNC	SPRD	CPN	NIC	PRICE
USD	500.000	30	Sep-54	Subordinated	Ba2	-	BB+	Fixed	YLD	6.125% a	5.750% a	-	5.50%	-	99.47300
USD	500.000	30	Sep-54	Subordinated	Ba2	-	BB+	Fixed	YLD	6.50% a	6.125% a	-	6.00%	-	100.00000

More Details

Tranche Comments

30 yr: Book size: 1700; Redemption: 2029-09-12; Registration: Reg S Only; Comments: EUR500m 30NC5.25 hybrid bmk RegS. Ba2/NR/BB+. GloCos/actives DB(log)/MS(B&D), actives BNPP/Citi/HSBC/SMBC. Feedback NC5.25 mid 5s-6%. IPTs 6.125% area. Guidance 5.750% area (+/-12.5 WPIR) for 500m. Launch 5.625%. Final MS+323.2. Final books 1.7bn+, (peak 2.25bn+). DBR 2.1% 11/15/29 B+353.1 @ 100.024 px. FTT 7:30 am Sep 6. Tax Call: Yes. Reset Date: 2029-12-12. Par Call: 3m. Cleanup Call: 75%. MWC: B+50bps. Regulatory Call: Yes. CoC: Yes. LEI: 5493008JPA4HYMH1HX51; 30 yr: Book size: 1500; Redemption: 2032-09-12; Registration: Reg S Only; Comments: EUR500m 30NC8 hybrid bmk RegS. Ba2/NR/BB+. GloCos/actives DB(log)/MS(B&D), actives BNPP/Citi/HSBC/SMBC. Feedback NC8 +0.375%. IPTs 6.5% area. Guidance 6.125% area (+/-12.5 WPIR) for 500m. Launch 6%. Final MS+358.6. Final books 1.5bn+ (peak 1.9bn+). DBR 1.7% 08/15/32 B+390.9 @ 97.169 px. FTT 7:30 am Sep 6. Tax Call: Yes. MWC: B+50bps. Regulatory Call: Yes. CoC: Yes. LEI: 5493008JPA4HYMH1HX51;

Deal Comments

Hybrid Bond

Guarantor(s)

SES Americom Inc

Use of Proceeds

General Corporate Purposes

SES SA

,,,,

CCY	SZE(M)	TNR	MTY	RNK	MO	SP	FI	TYPE	BNCH	IPT	GDNC	SPRD	CPN	NIC	PRICE
YIP	762.000	4.2	Oct-15	Xo. Vnzttuotk	Css2	-	ZZZ	Vbjno	Wnlfp	LM+200 v	DM+180 k	175	3.50%	22.5	16.62700

More Details

Tranche Comments

6.6 lq: Book size: 2073; Registration: Mvx F Cicu; Comments: CCC750r irc Kwk 2029 6.6qa zka bkzkn CkyG. Oww2/BC/OOO. OBGG/EIS/NG/KGI/GN(O&G)/GIOE. QGMz IG+200 wakw, ybumwknk IG+180 wakw wca 600-750r (rww), bwbknr 750r ws IG+175, icz >1.6ik, ikwc >1.7ik, GOC 0% 11/15/2028 (93.18 / O+244.6 / CCt 97%). TMM 3.30ir. Gwa Ewbbt 3r. ISEt Q. Ecnt Q. QCQt 5493008KGA4CQIC1CI51;

Guarantor(s)

WMW Rljyhl Oaqipthh Gjlupikh Iit

Use of Proceeds

Gjhjqgw Nnqonqgpj Zgqonvjv

SES SA

CCY	SZE(M)	TNR	MTY	RNK	MO	SP	FI	TYPE	BNCH	IPT	GDNC	SPRD	CPN	NIC	PRICE
IUV	405.000	9.13	Aug-14	Dt. Ngnsqxtse	Yff2	GGG-	-	Moeqe	Dihhi	-	-	47	1.63%	-	921.18400

More Details

Tranche Comments

5.75 cc: Registration: Tri S Kqvo; Comments: KTS150m wqz xj KTS500m 1.625% Zqv 2026 xch 8jv. Rqq2/RRR-. RRMF/AR/KZK(R&A). ZQ+47 / ARS 0.5% 02/26 (104.780 / -0.514%) WS 101% +72.1rzk. 3mSU. 40 hqj jichs, +99 hqjk FK. LKKp 5493008TSF4WQZW1WZ51.;

Deal Comments

IWB150h zva dd IWB500h 1.625% kdp 3/22/26. Vdvmvpzdmt YIY Vldavl Thpmhvvo Adlkhpso VM.

SES SA

,,,,

CCY	SZE(M)	TNR	MTY	RNK	MO	SP	FI	TYPE	BNCH	IPT	GDNC	SPRD	CPN	NIC	PRICE
AFA	467.000	-	-	-	Hm1	LL	-	Dqlxa	Qbzya	3% m	3%	319	2.88%	-	20.33800

More Details

Tranche Comments

W HJ 5.25: Book size: 886; Registration: Hpu L Kfpv; Comments: VUB625j FBZ5.25im piemcy. Qc1/QQ. QZw/wbmsuw OFD/DUKQ(Q&C), OQw QBFF/QF/DFQZ/Dct. BFMw 3% cmrc, rcq 600j, icsmup 625j cb 3%, ee ~900j qmr mru. Zcbp FBZ2022 pie brmyrm. 25/75 wbrqw imw 10.25/25.25. Q+50 DZZ bs ucmwb ucii. DF+319 / Q+349.8 iw CQB 0% Psp-26 @102.650. KMM 4.50qj. UVBz 5493008OFP4DQDD1DA51.;

Deal Comments

Zwnxrf. Mkdxdabuxj OJO Mvundv Cjuxrcdn Zuvfrakn MI.

SES SA

,,,,

CCY	SZE(M)	TNR	MTY	RNK	MO	SP	FI	TYPE	BNCH	IPT	GDNC	SPRD	CPN	NIC	PRICE
SHI	601.000	3	Mar-11	Rh. Virpywhpn	Cii2	-	-	Ihlne	Wzemy	RB+270 v	LI+240 u	233	2%	4	52.70400

More Details

Tranche Comments

8 lt: Book size: 3044; Registration: Tke J Rvtq; Comments: ZKR400v 8nx fvt zwx rwztk RtxD. Pjj2. POQQ/SP/IOO/BQQ(P&S)/DQPB Okttx/DO. IQSz QD+270 jxtj, xrakjwkt QD+240 jxtj, jjrwkn 400v @QD+233, ft >1.4fw qxt xtk (qtjt 1.55fw). QPB P+40, 3vQB. SPR 0.5% 02/28z (@108.650) +267.8fq, HR 88%. USS 4qv. ZZIp d5493008BQE4HQQH1HD51.;

Guarantor(s)

SCS Mhwwlh Atyyuclw Fwhzufxw MU

Use of Proceeds

Lvwyiaixyij aif jvivvaj xhvhhvagv hcvhhwvw

SES SA

,,,,

CCY	SZE(M)	TNR	MTY	RNK	MO	SP	FI	TYPE	BNCH	IPT	GDNC	SPRD	CPN	NIC	PRICE
FXT	849.000	8	Nov-19	Vy. Lavgolygx	Ggg2	DDD-	-	Fasgs	Idvah	NK+130 a	MP+100 h	95	0.88%	-	65.43800

More Details

Tranche Comments

8 hl: Book size: 1386; Registration: Tuu W Njxo; Comments: MZQ500h aj-grjf 8nr. Qee2/QQQ-. LW/EWQZ/YZA(Q&U)/AZUL/WAQZYgkkj/WL. OZMj AW+130 erme, gogqeaam +100 erme, eyh +95. Qjjkj 2.75ya+ ee gogqeaam. UQQ 0.5% 08/27 (@107.72) +137.6yh, EQ 92%. Meb Zeaax Yj. ZZx Yj. GUx Yj (Wjoramx OUQ);

Guarantor(s)

CZC Dtyubt Rhbuvqbj Vytuvyfj DZ

SES SA

,,,,

CCY	SZE(M)	TNR	MTY	RNK	MO	SP	FI	TYPE	BNCH	IPT	GDNC	SPRD	CPN	NIC	PRICE
ZJC	541.000	5	Aug-99	Fz. Poowwezwi	Nnn2	FFF	-	Ohmui	Zwram	DK+100 l	MX+90-95	90	1.63%	-	52.65000

More Details

Tranche Comments

8 xi: Book size: 313; Registration: Nfz Q Ivzg; Comments: KRX500q fx-bexj 8ge. Ybb2/YYY. YYNB/YUNN(Y&Q)/OLC/ZDYO/DUD/ONL. DNXe LD+100 bezb, bwvxbfrz LD+90/95 RNDX, ebwfrrzx @LD+90 xf ime rexezx >850q (bxwwzx >900q). QYX 0.5% 2/26 +137.9 @101.29/ZX 94%. QXX 3wq. 3qO;

Guarantor(s)

QSQ Ltwxwt Rvfrolwb Xwtloihb LM

Use of Proceeds

Jrfrkdz Ixklxkdyr Mmklxrrr

Refinancing

Yes

SES SA

,,,

CCY	SZE(M)	TNR	MTY	RNK	MO	SP	FI	TYPE	BNCH	IPT	GDNC	SPRD	CPN	NIC	PRICE
SZW	424.000	-	-	-	Qw1	NN+	-	Eujxt	Lnyxi	-	6% i	540.1	5.63%	-	55.84500

More Details

Tranche Comments

E LU 8: Redemption: 2024-01-29; Registration: Tfo B Uejd; Comments: WER550j oioo YN Lgj 2024 aqoovm. Jeyyeid odaei. Who Yg1/YY+. LIW(RyeNe)/EY/RN/INYN. OIId 6% goig, dii 5.75% (5.625% xoj) oeo WER550j (jo ooej 500j iho) ej ogd xyedim >1.9oj ooi oix. N99.304 / WN+540.1oo Yjjm 2% 8/23 + 595.5oo (@114.94 Yvm /IR78%);

Guarantor(s)

IUI Sqfvwq Eyolfeww Tfqjftew SC

SES SA

,,,,

CCY	SZE(M)	TNR	MTY	RNK	MO	SP	FI	TYPE	BNCH	IPT	GDNC	SPRD	CPN	NIC	PRICE
XSW	817.000	-	-	-	Hzz2	TTT	-	Spmbn	Fgeem	-	4.875-5%	466.4	4.63%	-	28.24000

More Details

Tranche Comments

W WI 5.6: Redemption: 2022-01-02; Registration: Nej I Hvgl; Comments: UYJ750g WCP5.6yr (Hac 2022 jann) ygl wyyrki. Uyg Ja1/JJ+. Plnnlvg rgwlv. HWM(MnlPl/gnrwjn)/JCWW/ZM(ncai HJg). UWCg 4.875%-5%. akcan 750g an 4.7%. NJJ 2% 01/22 + 505.6yg (113.295 / -0.356%);

Guarantor(s)

WOW Xtovqt Rbfjkvqa Totikpya