Schneider Electric Launches €800 Million Convertible Bond Sale as AI Rally Lifts Data Center Business
Updated
Updated · Bloomberg · Jun 4
Schneider Electric Launches €800 Million Convertible Bond Sale as AI Rally Lifts Data Center Business
1 articles · Updated · Bloomberg · Jun 4
Summary
€800 million of convertible bonds due 2034 were launched by Schneider Electric on Thursday, extending the French power group's push to tap strong investor demand.
€650 million of the proceeds would be used to repurchase outstanding bonds due in November 2030, with the remainder earmarked for general corporate purposes.
The offering comes after a sharp share rally tied to Schneider Electric's growing role in supplying infrastructure that supports data centers.
AI-driven demand for data center equipment has become a key backdrop for financing moves across the sector, giving Schneider a window to refinance and raise fresh capital.