Post by ItalWire

STMicroelectronics, led by CEO Jean-Marc Chéry, is making a strategic move to manage its capital structure proactively by launching a significant equity-linked debt market operation. The Italy-France-based semiconductor giant has set terms for issuing new senior unsecured convertible bonds amounting to a total nominal value of $1.5 billion. This operation is structured into two tranches, each worth $750 million, with maturities of 5 and 7 years. It has received approval from both the company’s Supervisory and Management Boards. Bond Structure and Settlement Options The issuance plan is divided into two distinct lines aimed at catering to various institutional investors: 2031 Convertible... STMicroelectronics France STMicroelectronics Italia #BNPParibas #ConvertibleBonds #JPMorgan #Semiconductors #STMicroelectronics #BusinessEconomy #Italy