STMicroelectronics announced a $1.5 billion issuance of new convertible senior bonds in two tranches, with maturities of 5 and 7 years, alongside the early repayment of $750 million of zero-coupon convertible bonds due in 2027. The new bonds offer fixed interest rates between 0.00% and 1.125% and conversion premiums of roughly 47.5% to 55% above the current share price. Proceeds will be used for general corporate purposes, including repaying the 2027 bonds early by July 16, 2026. This move aims to optimize the company's debt structure and provide flexibility in financing while offering investors conversion options into shares or cash.
STMicroelectronics announced a $1.5 billion dual-tranche offering of new convertible bonds maturing in 2031 and 2033, with interest rates between 0% and 1.125%. The proceeds will be used for general corporate purposes, including the early redemption ...
Deutsche Bank upgraded STMicroelectronics to a "Buy" rating and raised its price target to EUR 75 from EUR 52, reflecting strong confidence in the company's growth prospects. STMicroelectronics significantly increased its 2026 data center revenue for...
