Schneider Electric: convertible bond issue maturing in 2026
(CercleFinance.com) - Schneider Electric has announced the launch of its first issue of sustainable OCEANE bonds maturing in 2026, by way of placement with qualified investors alone, for a par value of approximately 650 million euros.
The net proceeds of the issue will be used for the industrial group's general needs. The final terms and conditions of the bonds will be announced later today, with their settlement and delivery scheduled for next Tuesday, 24 November.
Unless previously converted, exchanged, redeemed, or repurchasd and cancelled, the bonds will be redeemed at par on 15 June 2026 (or the next business day if that date is not a business day).
No electric shock has resulted from the news - the share is flat in early trading on Tuesday.
Copyright (c) 2020 CercleFinance.com. All rights reserved.
The net proceeds of the issue will be used for the industrial group's general needs. The final terms and conditions of the bonds will be announced later today, with their settlement and delivery scheduled for next Tuesday, 24 November.
Unless previously converted, exchanged, redeemed, or repurchasd and cancelled, the bonds will be redeemed at par on 15 June 2026 (or the next business day if that date is not a business day).
No electric shock has resulted from the news - the share is flat in early trading on Tuesday.
Copyright (c) 2020 CercleFinance.com. All rights reserved.