Schneider Electric (FR:SU) has released an update.
Schneider Electric has successfully issued senior unsecured convertible bonds due 2031 for €750 million, aimed at financing the repurchase of existing bonds and other general company needs. The new bonds, offered to qualified investors, feature a 1.625% interest rate, a 37.5% conversion premium, and are expected to be settled on June 28, 2024, with a redemption option available to the company under specific conditions.
For further insights into FR:SU stock, check out TipRanks’ Stock Analysis page.
