STMicro Eyes $1.5 Billion Convertible Bonds After AI-Fueled Jump (opens original article in a new tab)

STMicroelectronics NV is considering a $1.5 billion convertible bond offering following a significant increase in its stock price this year.

• STMicroelectronics NV plans to raise $1.5 billion through convertible bonds
• The company's shares have tripled in value this year
• Convertible bonds can be exchanged into equity