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Schneider Electric grosses €795.6 million from debt offering

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Schneider Electric grosses €795.6 million from debt offering

Schneider Electric SE raised gross proceeds of €795.6 million from an offering of 1.50% senior unsecured bonds due Sept. 8, 2023.

The company plans to use the proceeds for general corporate purposes or working capital.

Banco Santander SA, Bank of America Merrill Lynch International Ltd., BNP Paribas SA, Credit Agricole Corporate and Investment Bank SA, HSBC Holdings PLC and Societe Generale SA were the lead underwriters.