SES S.A. prices €500M bond offering due in 2031

Proceeds are designated for general corporate purposes and refinancing SES’s €500 million Guaranteed Notes due November 4, 2027.

Rhea-AI Filing Summary

SES S.A. (symbol: SGBAF) is the issuer of record for a Form 6-K filing submitted to the SEC. SES S.A. announced it has priced €500 million of senior unsecured fixed-rate notes due in 2031. The notes carry a 5.625% coupon and were priced at 99.667% of their nominal value. SES said proceeds will be used for general corporate purposes and to refinance its €500 million Guaranteed Notes due November 4, 2027, in line with its deleveraging and balance-sheet strengthening objectives. Settlement is scheduled for October 6, 2026, and SES has applied to list the notes on the Luxembourg Stock Exchange’s Euro MTF market. SES is rated Ba1 (stable) by Moody’s and BBB- (stable) by Fitch.

Key Figures

Notes offering amount: €500 million Coupon: 5.625% Price: 99.667% of nominal value +3 more

6 metrics

Notes offering amount €500 million Senior unsecured fixed-rate notes due in 2031

Coupon 5.625% New notes

Price 99.667% of nominal value New notes

Guaranteed Notes amount €500 million Notes due November 4, 2027, designated for refinancing

Rating Ba1 (stable) Moody’s rating of SES

Rating BBB- (stable) Fitch rating of SES

Key Terms

senior unsecured fixed rate notes, coupon, nominal value, Euro MTF market

4 terms

senior unsecured fixed rate notes financial

"senior unsecured fixed rate notes due in 2031"

coupon financial

"notes will bear a coupon of 5.625%"

A coupon is the regular interest payment a bond issuer promises to make to bondholders, usually expressed as a percentage of the bond’s face value. It matters to investors because it provides predictable income like a steady paycheck and helps determine a bond’s market value and sensitivity to interest rate changes — higher coupons cushion price drops, while low coupons make bonds more sensitive to rate swings.

nominal value financial

"priced at 99.667% of their nominal value"

Nominal value is the stated or face amount assigned to a financial instrument — for shares it’s the par value printed on the stock certificate, and for money or returns it can mean the number not adjusted for inflation. Think of it like a price tag on an item versus its buying power: the tag tells you the label, but not how much you can actually buy. Investors care because nominal values affect accounting, legal capital, dividend calculations and comparisons over time when inflation may distort real worth.

Euro MTF market regulatory

"listed on the Luxembourg Stock Exchange’s Euro MTF market"

A euro MTF market is a European trading venue that matches buyers and sellers of securities—often bonds and some stocks—outside the main national exchanges. Think of it as a specialized marketplace with lighter listing rules and different oversight; it matters to investors because the venue affects how easy it is to buy or sell a security, the transparency of prices, and the level of regulatory protection and reporting they can expect.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What coupon does the SGBAF bond carry?

The notes carry a 5.625% coupon and were priced at 99.667% of their nominal value. They are senior unsecured fixed-rate notes due in 2031.

How will SES use proceeds from its €500 million bond?

SES said proceeds will be used for general corporate purposes and refinancing its €500 million Guaranteed Notes due November 4, 2027, in line with its stated deleveraging and balance-sheet strengthening objectives.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 6-K

REPORT OF FOREIGN PRIVATE ISSUER

Pursuant to Rule 13a-16 or 15d-16

Under the Securities Exchange Act of 1934

Date: September 30, 2026

Commission File Number: 333-286828

SES

(Translation of registrant’s name into English)

Château de Betzdorf

L-6815 Betzdorf

Grand Duchy of Luxembourg

(Address of principal executive office)

Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.

Form 20-F ☒   Form 40-F ☐

EXHIBIT INDEX

The following exhibit is furnished as part of this Form 6-K:

Exhibit		Description
99.1		Press Release, dated September 29, 2026

SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

				SES
				(Registrant)
Date: September 30, 2026				By:		/s/ Elisabeth Pataki
				Name: Elisabeth Pataki
				Title: Chief Financial Officer

Exhibit 99.1

 

SES Successfully Prices €500 million Eurobond

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN OR INTO OR TO ANY PERSON LOCATED OR RESIDENT IN, OR AT ANY ADDRESS IN, THE UNITED STATES OF AMERICA, ITS TERRITORIES AND POSSESSIONS (INCLUDING PUERTO RICO, THE U.S. VIRGIN ISLANDS, GUAM, AMERICAN SAMOA, WAKE ISLAND AND THE NORTHERN MARIANA ISLANDS), ANY STATE OF THE UNITED STATES OF AMERICA OR THE DISTRICT OF COLUMBIA (THE UNITED STATES) OR TO ANY U.S. PERSON (AS DEFINED IN REGULATION S OF THE UNITED STATES SECURITIES ACT OF 1933, AS AMENDED (THE SECURITIES ACT)) OR IN OR INTO ANY JURISDICTION WHERE IT IS UNLAWFUL TO RELEASE, PUBLISH OR DISTRIBUTE THIS ANNOUNCEMENT (SEE “OFFER AND DISTRIBUTION RESTRICTIONS” BELOW).

Luxembourg, 29 September 2026 – SES today announced the successful launch and pricing of a bond offering in which the company has agreed to sell senior unsecured fixed rate notes due in 2031 for a total amount of EUR 500 million. The new notes will bear a coupon of 5.625% and were priced at 99.667% of their nominal value.

SES is rated Ba1 (stable) and BBB- (stable) by Moody’s and Fitch respectively.

Proceeds of the issuance will be used for general corporate purposes and refinancing of the €500 million Guaranteed Notes due 4 Nov 2027 (ISIN: XS2075811781NC26), in line with SES’s deleveraging and balance-sheet strengthening objectives.

BNP PARIBAS, ING Belgium SA/NV, Belgian Branch, Landesbank Baden-Württemberg and Mizuho Bank Europe N.V. acted as Joint Global Coordinators, together with Goldman Sachs International, Commerzbank Aktiengesellschaft, Intesa Sanpaolo S.p.A. and KBC Bank NV as Joint Bookrunners.

The settlement is scheduled for 6 October 2026 and application has been made for the Securities to be listed on the Luxembourg Stock Exchange’s Euro MTF market.

For further information please contact:

Christian Kern

Investor Relations

IR@ses.com

Nancy Welsh

SES Communications

SES.Press@ses.com

Forward Looking Statements

This press release contains certain “forward-looking statements” within the meaning of the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995. Forward-looking statements can be identified by words such as “expected to”, “shall”, and “will”.

Forward-looking statements are not assurances of future performance and are subject to inherent uncertainties and risks that are difficult to predict. Factors that might cause such a difference include those discussed in our filings with the US Securities and Exchange Commission, including our Form 20-F, such as risks relating to indebtedness and credit rating downgrades; the ability of the company to service indebtedness; adverse effects of failing to meet debt service obligations; and risks associated with macroeconomic conditions in the global economy. The forward-looking statements included in this press release are made only as of the date hereof and we undertake no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

Filing Exhibits & Attachments

1 document

Press Releases

• EX-99.1 EX-99.1 6.4 KB