Schneider Electric Raises €800M via Convertible Bonds as AI Demand Surges

According to Bloomberg, Schneider Electric plans to raise 800 million euros ($930 million) through convertible bonds maturing in 2034, the French power management company announced on June 4. The company will use 650 million euros ($756 million) from the proceeds to repurchase notes due in November 2030, with the remainder allocated for general corporate purposes. The financing follows a 20% gain in Schneider's share price over the past two months.
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