Schneider Electric Launches a €1.5 Billion Bond Issue
Schneider Electric has initiated a €1.5 billion bond issue in two tranches, aimed at anticipating its repayment deadlines over the next twelve months. The operation is part of the proactive management of the group's financial structure.
A Dual-Tranche Issue to Pre-Finance Upcoming Maturities
The group issued €800 million at a variable rate (Euribor + 0.30%) with maturity in July 2028, and €700 million at a fixed rate of 3.375% with maturity in December 2033 (implied rate 3.386%). This operation is in line with the strategy of pre-financing the expected maturities over the next twelve months, according to the statement released Monday from its headquarters in Rueil-Malmaison.