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STMicroelectronics prices $1.5B dual-tranche convertible bonds to refinance 2027 debt

Company Fundamentals
16 Jun 2026
GlobeNewsWire
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STMicroelectronics has priced a $1.5 billion offering of senior unsecured convertible bonds in two tranches: $750 million maturing in 5 years and $750 million maturing in 7 years. The proceeds will be used for general corporate purposes, including early redemption of $750 million zero-coupon convertible bonds due 2027. The bonds offer conversion into shares at a premium and will be traded on the Frankfurt Stock Exchange. This move helps STMicroelectronics manage its debt profile and supports its financial flexibility going forward.

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