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 of $750 million in 2027 zero-coupon convertible bonds. The new bonds offer conversion premiums of around 47.5%-55% over recent share prices and will be listed on the Frankfurt Stock Exchange. This move helps STMicroelectronics manage its debt and capital structure efficiently while providing investors with convertible securities linked to the company's shares.
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 fi...
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...
