Successful issue of a €500 million bond
Rueil-Malmaison, France
09/04/2020
Schneider Electric, the leader in digital transformation of energy management and automation, launched a €500 million EMTN (Euro Medium Term Note) issue maturing in 7 years with a fixed coupon rate of 1.00%.
This transaction, which has been largely oversubscribed, enables the Group to issue the bond on terms that remain favourable in the current tough environment. With this bond, the Group enhances its cash position and increases its debt maturity profile.
The details of the issuance are the following:
| Amount | €500 million |
| Maturity | April 9, 2017 |
| Coupon | 1.00% |
| Implied rate | 1.086% |
Global