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STMicroelectronics grosses $759.5 million from debt offering

STMicroelectronics NV raised gross proceeds of $759.5 million from an offering of zero coupon senior unsecured notes due July 3, 2022.

The company plans to use the proceeds for general corporate purposes or working capital and redemption or repayment of debt securities.

Citigroup Global Markets Ltd., JPMorgan Chase & Co., Morgan Stanley, SG Corporate & Investment Banking and UniCredit SpA were the lead underwriters.