ST offers $1.5B convertible bonds and redeems 2027 bonds
The dual-tranche offering includes 5-year and 7-year tranches, with proceeds used for general corporate purposes and the redemption.
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Global semiconductor technology company
st.comLast updated
In short: ST reported a 23% revenue increase to $3.10 billion in Q1 2026, driven by surging AI infrastructure demand and strategic expansions in space and IoT.
The dual-tranche offering includes 5-year and 7-year tranches, with proceeds used for general corporate purposes and the redemption.
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STMicroelectronics NV is looking to raise $1.5 billion from selling debt that can be exchanged into equity after the chipmaker’s shares tripled in value so far this year.
STMicroelectronics delivers a spectacular comeback this year. The stock is hovering at EUR 68.64, close to its current 52-week high of EUR 70.00. Since January, a...
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