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    Новости

    25/09/2007

    Success of the bond issue

     

    Rueil-Malmaison, France, September 25, 2007 – Schneider Electric today launched a €600 million bond issue with fixed coupon and maturing in January 2015, in order to refinance APC acquisition while extending its average debt duration. This transaction was led by Barclays Capital, Natixis, Royal Bank of Scotland and Société Générale.

    This bond issue, oversubscribed more than 9 times in one day, was very much welcomed by investors. It was therefore priced at the tightest end of the indicative spread ranges, i.e mid-swap +80bp.

    The very positive response from the market to this bond issue, rated “BBB+” by Standard & Poor’s, shows investors’ confidence in Schneider Electric sound business fundamentals.

    The details of the issuance, made as part of Schneider Electric EMTN program, are the following:

       Tranche
    Amount
    Maturity
    Coupon
    Issue price
    € 600 million
    January, 2015
    5.375%
    99.915

    Schneider Electric: Giving the best of the New Electric World to everyone, everywhere, at any time
    Schneider Electric is the world's power and control specialist. It anticipates and satisfies its customers' requirements in the residential, building, industry and energy and infrastructure markets. With 112,000 employees and operations in 190 countries, Schneider Electric generated revenue of €13.7 billion in 2006 through 13,000 distributor outlets.


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    Schneider Electric
    Alexandre Brunet
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    Schneider Electric
    Véronique Moine
    Media Contact :
    DGM
    Michel Calzaroni
    Olivier Labesse
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