Delta Electronics Scores 525M Bond Deal To Fuel Next-Gen Smart Energy Revolution

Delta Electronics Seizes $525M Bond Opportunity to Fuel Next-Gen Smart Energy Solutions

The company successfully issued $525 million worth of overseas exchangeable bonds through its subsidiary, Delta International Holding Limited, to accelerate the development of innovative IoT-based smart energy-saving solutions that will play a pivotal role in supporting AI, smart manufacturing, e-mobility, and the global energy transition.

The issuance of these bonds is expected to enable Delta Electronics to optimize its working capital and fuel expansion efforts while driving innovation. The bonds have a face value of $200,000 each and are due in 2030, representing a substantial investment in the company’s future growth.

Notably, the conversion price for the securities into shares of Delta Electronics (Thailand) Public Co. is $5.41, which translates to a 40% premium over a reference price, indicating robust investor interest in the company’s prospects. According to the company’s plans, this investment will be channeled towards developing cutting-edge IoT-based smart energy-saving technologies that can address pressing global challenges.

Delta Electronics’ CEO, Victor Cheng, has been at the forefront of articulating the company’s vision for Industry 4.0 and its strategic focus on industrial automation and advancements in AI. The company aims to position itself as a leading industrial and commercial brand, catering to both industry and market consumers. To achieve this ambitious goal, Delta Electronics is actively acquiring expert firms from around the world, including the U.S., Europe, and Asia, to form a robust industrial and building automation solution ecosystem.

The company is committed to developing automotive powertrain products for electric vehicle OEMs, further underscoring its commitment to innovation. Delta Electronics’ recent success in developing power systems for data centers, ICT, and telecom infrastructure serves as a testament to its capabilities in addressing emerging technologies. The company reported consolidated sales revenues of $12.77 billion at the beginning of January 2024, representing a 4.9% increase from the previous year.

As the global energy landscape continues to evolve, companies like Delta Electronics are playing a pivotal role in shaping the future of smart energy solutions. By investing heavily in research and development, expanding its manufacturing capabilities, and strengthening its presence globally, Delta Electronics is poised to capitalize on emerging trends and technologies, solidifying its position as a leader in the industry.