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Schneider Electric SA Places USD 800 Million Bond in the United States
Schneider Electric SA announced that it has placed USD 800 million bond issue due 2022 in the United States. The bonds were issued by way of a private placement to institutional investors only (including to qualified institutional buyers in the United States). The net proceeds of the issue will be used for general corporate purposes. The bonds will pay a coupon of 2.95%. The settlement of the bonds is expected to take place on September 27, 2012.
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