STMicroelectronics N.V. priced a US$1.5 billion dual-tranche offering of new convertible bonds, consisting of US$750 million in 5-year bonds and US$750 million in 7-year bonds. The proceeds will be used for general corporate purposes, including the early redemption of US$750 million in zero-coupon convertible bonds due 2027. STMicroelectronics is an integrated device manufacturer in the semiconductor industry.
