Bloomberg Technology | Schneider Electric Banks on AI Boom to Sell €800 Million Debt by Abhinav Ramnarayan
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Schneider Electric SE announced plans to raise €800 million (about $930 million) through a convertible‑bond offering due in 2034, leveraging its expanding role in data‑center support. The proceeds will be used to repurchase €650 million of existing bonds maturing in November 2030 and to fund general corporate purposes. This move follows a strong market rally driven by the company’s increased involvement in the AI‑enabled data‑center sector.
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https://www.bloomberg.com/news/articles/2026-06-04/schneider-electric-banks-on-ai-boom-to-sell-800-million-debt
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