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Schneider Electric SA Opens Books on EUR 600 Million Bond-Reuters


Thursday, 29 Aug 2013 03:52am EDT 

Reuters reported that Schneider Electric SA opened books on a EUR 600 million eight-year bond to partially refinance its acquisition of UK engineer Invensys, worth GPB 3.4 billion. The Company set the initial price thought at mid-swaps plus 70-75bp for pricing later in via BNP Paribas, HSBC, Natixis and Societe Generale. Credit Agricole and Santander have been also mandated as passive bookrunners for the senior unsecured RegS offering.