Schneider Electric Announces New Bonds and Repurchase Results

Schneider Electric has announced key details regarding its €850 million new bonds convertible into new or existing shares set for 2034, known as OCEANEs. The reference share price is established at €281.3710, with a conversion exchange ratio of 263.2612 shares per bond. These bonds allow holders to convert to shares, subject to specific conditions and protections.

The company also reported the successful repurchase of approximately 94% of its 2030 OCEANEs, equating to a principal amount of €611 million. These actions are part of a strategic financial move, and the settlement is expected by June 12, 2026.

Through these transactions, Schneider Electric anticipates a potential dilution of 0.4% of its share capital, while avoiding a 0.5% dilution by repurchasing the bonds. The firm continues to focus on qualified investors for this offering, in alignment with regulatory frameworks.