Schneider Electric Successfully Completes €750 Million OCEANEs Offering

Schneider Electric has announced the successful offering of its senior unsecured bonds convertible into new shares and/or exchangeable for existing shares (OCEANEs) due 2033. The bonds are offered to qualified investors only, with a nominal amount of €750 million.

The proceeds will primarily support corporate activities, including securing full ownership of Schneider Electric India Private Limited. Each bond has a nominal value of €100,000, carries a fixed coupon rate of 1.250% per annum, and offers a conversion premium of 37.5% over the current share price. Bond settlement is anticipated on 23 September 2025.

Schneider Electric holds the option for early redemption under specific conditions. The company has committed to a lock-up period on shares, preventing significant market dilution, estimated at approximately 0.4%. The bonds will trade on Euronext Access in Paris.