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Bond Market News
Eutelsat’s 2029s Rally Over 14 Points This Week
March 7, 2025
Eutelsat’s 9.75% 2029s have jumped higher by over 14 points this week to trade at 99.99, and its shares have surged over 500%. This comes on the back of growing demand for satellite services and increased EU defense priorities following the clash between Donald Trump and Volodymyr Zelenskyy, which led to a freeze in US military aid to Ukraine. This, combined with the EU’s plans to increase defense spending and reduce reliance on Starlink, is said to have seen investor optimism for Eutelsat. Besides, its 630-satellite OneWeb constellation already supports Ukraine’s communication needs. The EU is said to be focusing on its own satellite communication capabilities, with the EC proposing an €800bn ($861bn) investment in defense over four years, of which a portion will be allocated to satellite communications.
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