Schneider Electric (FR:SU) has released an update.
Schneider Electric has successfully placed new senior unsecured bonds due 2031 and announced their reference share price at €226.2295, with a conversion/exchange ratio of 321.4756 shares per bond. They’ve also repurchased approximately 97% of their outstanding 2026 bonds, which may lead to a redemption of remaining bonds. The actions are expected to result in minimal dilution of the company’s share capital, preserving shareholder value.
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