Schneider Electric SE (SBGSF.PK) announced Tuesday that it has launched a 750 million euros offering of senior unsecured bonds, due 2033, which are convertible into new shares and/or exchangeable for existing shares of the company.
The net proceeds from the offering will be used for general corporate purposes, including Schneider Electric's previously announced acquisition of the remaining 35% stake in Schneider Electric India Private Limited.
The bonds, each with a denomination of 100,000 euros, will be convertible and/or exchangeable into new and/or existing shares of the company and are expected to carry a fixed annual coupon rate in the range of 1% to 1.5%.
The conversion/exchange premium will be set in a range of 37.5% to 42.5% above Schneider Electric's reference share price on Euronext Paris.
For comments and feedback contact: editorial@rttnews.com
Business News
May 08, 2026 15:50 ET Manufacturing and services sector survey results and labor market data from main economies were the highlight on the economics news front this week. Factory orders and jobs report dominated the news flow in the U.S. Similarly, industrial production data from German garnered attention in Europe. In Asia, purchasing managers’ survey results from China and the central bank decision from Australia were in focus.