By Laura Contemori – ROME (Econostream) – French group Schneider Electric SE raised €1.5 billion through a dual-tranche bond offering on Thursday.

The group priced the two-year floating-rate note (FRN), maturing on July 1, 2028, for €800 million at par with a coupon of three-month Euribor plus 30bp.

The €700 million seven-year fixed-rate bond (FXD) due December 1, 2033, was priced at 99.942 to yield 3.386%, 58bp over mid-swaps. The bond carries a 3.375% annual coupon and priced at a spread of 66.9bp over the August 2033 German benchmark bond.

Schneider Electric is rated A2 with a stable outlook by Moody’s and A with a stable outlook by S&P. The notes are expected to be rated A by S&P.

Settlement is scheduled for July 1, 2026.

The time of execution on the pricing was 15:35 UK time (16:35 CET).

Crédit Agricole CIB, Deutsche Bank, J.P. Morgan, HSBC, MUFG and Natixis acted as active bookrunners of the transaction.