Post by Societe Generale Corporate and Investment Banking - SGCIB

Congratulations to STMicroelectronics on the successful pricing of its USD 1.5bn dual-tranche Convertible Bond offering due 2031 and 2033, on which Societe Generale acted as Joint Bookrunner. The convertible bond issue is the largest in EMEA since 2020.   The transaction benefited from strong investor demand and outstanding momentum from launch, allowing final pricing at the best end of revised guidance on both tranches and above the initial marketing ranges.   ➡️ USD 750m 5-year tranche priced at 0.00% coupon and 55.0% conversion premium  ➡️ USD 750m 7-year tranche priced at 0.625% coupon and 57.5% conversion premium   This benchmark dual-tranche transaction enabled STMicroelectronics to proactively refinance its outstanding 2027 convertible bond while extending its maturity profile at attractive conditions and taking advantage of the attractive conditions available in the convertible bond market.   We are proud to have accompanied STMicroelectronics on this landmark transaction as a Joint Bookrunner.