on STMICROELECTRONICS (EPA:STM)
STMicroelectronics: Issues €1.5 billion in convertible bonds
On June 16, 2026, STMicroelectronics NV announced a capital raising through the issuance of convertible bonds, divided into two tranches, totaling US$1.5 billion. The unsecured bonds will be convertible into ST common stock. The "New Bonds" are intended to finance general corporate purposes, including the early repurchase of US$750 million of convertible bonds maturing in 2027.
The two tranches, maturing in 2031 and 2033 respectively, will carry fixed interest rates ranging from 0.00% to 1.125%. The issuance will be coordinated by BNP Paribas and JP Morgan, among others.
R. P.
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