Strong trust in Siemens - Bonds of about €4 billion oversubscribed nearly fourfold(PresseBox) (München, )
• High investor demand underscores excellent reputation on capital market
Siemens has issued new bonds with a total value of about €4 billion, including a tranche of £450 million (about €500 million). The transaction closed successfully today. The proceeds of the issuance will be used for general corporate purposes. At roughly €16 billion, investor demand was almost four times the issue volume.
“The strong demand underscores investors’ high level of trust in our financial strength and our excellent reputation on the capital market – even in the current situation,” said Siemens CFO Ralf P. Thomas.
In February 2020, Siemens issued bonds with a total value of about €5 billion, with maturities of three, five (in pounds sterling), six, nine and twelve years. This issuance included a tranche of £850 million (around €1 billion). The current issuance covers the maturities of two, three (in pounds sterling), four and six years.