Eutelsat Communications SA: Covenant Quality Pre-Sale Snapshot: €1,500...

Eutelsat S.A.'s covenant package provides lower-tier moderate protection, reflecting a CQ score of 3.28.

Eutelsat : Issuance Focus

Eutelsat Communications is offering € 1.5bn of new unsecured notes split into two tranches (5NC2 and 7NC3). Net proceeds from the issue and a new € 400m term loan will serve to redeem the existing outstanding 2027 and 2029 notes at Eutelsat SA, repay an existing € 400m term loan at Eutelsat Communications and for general corporate purposes. We estimate fair yields of 5.9% (5NC2) and 6.4% (7NC3).

Eutelsat : Focus Emission

Eutelsat Communications is offering € 1.5bn of new unsecured notes split into two tranches (5NC2 and 7NC3). Net proceeds from the issue and a new € 400m term loan will serve to redeem the existing outstanding 2027 and 2029 notes at Eutelsat SA, repay an existing € 400m term loan at Eutelsat Communications and for general corporate purposes. We estimate fair yields at 5.9% (5NC2) and 6.4% (7NC3).

Credit Morning 02/24/2026

Azelis: new bond issuance and exit of its main shareholder|Forvia: a resilient 2025 publication that emphasizes margins and FCF|Thyssenkrupp Elevator repays part of its 2027 bonds|

Credit Morning 02/23/2026

Eutelsat intends to issue € 1.5bn of new bonds due in 2031 and in 2033|

Morning Crédit 23/02/2026

Eutelsat compte émettre 1,5 md EUR de nouvelles obligations 2031 et 2033|

Eutelsat (Sell, €1.4, -40%) 2Q26: Nothing to justify the rally

Eutelsat has reported decent Q2 results, beating expectations due to a small one-off and confirming full year guidance. The fundamental outlook for the business remains unchanged, with deteriorating GEO economics (Flexsat Americas satellite cancelled) and an uncertain LEO outlook in an increasingly fragmented market. Nothing to justify the recent rally in the shares.

Credit Morning 02/13/2026

Ubisoft: Q3 net bookings slightly above target, FY25-26 guidance is confirmed|Sales stabilizing but margin still under pressure|

Morning Crédit 13/02/2026

Ubisoft : net bookings au T3 légèrement supérieurs à l’objectif, guidance FY25-26 confirmée|Sales stabilizing but margin still under pressure|

ODDO BHF SECURITIES Small & MIDCAP MORNING NEWS – 02/13/2026

ODDO BHF SECURITIES Small & MIDCAP MORNING NEWS – 13/02/2026

Eutelsat : Q2 2026: revenue stabilisation but margin still under press...

Eutelsat : Q2 2026: revenue stabilisation but margin still under press...

Credit Morning 02/12/2026

URW continues its strong momentum at the end of the year|Verisure ends fiscal year 2025 on a high note|Greek banks – A Supreme Court ruling could impact banks and NPL management|

Morning Crédit 12/02/2026

URW poursuit sa belle dynamique sur la fin d’année|Verisure termine très bien l’exercice 2025|Banques grecques – Un arrêt de la cour suprême pourrait impacter les banques et la gestion des NPL|

Deutsche Bank AG: 1 director

A director at Deutsche Bank AG bought 750 shares at 31.545EUR and the significance rating of the trade was 52/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors over the last two years clearly...

Eutelsat ECA financing marks end of the saga

Eutelsat has raised €1bn of ECA financing; more then we expected and sufficient to cover their mid-term LEO capex requirements. The financing provides further support to the bonds and brings to a close their funding saga over the last year or so.

European banks/Larger banks lead in the non-bank sector

The substantial growth in non-bank assets has outpaced that of bank assets globally. Larger European banks are very much involved in this sector. In addition to the growth potential, this involvement comes with potential risks should the sector see a more substantial weakening.

Credit Morning 02/10/2026

NIH: SNCF ordered to pay € 270m in compensation in the Gare du Nord case|Clarifications from Eramet on the temporary exemption of duty of its CFO|

Morning Crédit 10/02/2026

NIH : la SNCF condamnée à verser une indemnité de 270 m EUR dans le dossier de la Gare du Nord|Clarifications d’Eramet sur la dispense d’activité temporaire de son CFO|