Siemens: successful return to euro bond market

(CercleFinance.com) - After a five-year absence, Siemens has returned to the euro capital market today and raised 2.
75 billion euros in bonds, with maturities of five, nine and twelve years.

For the new issues, the German industrial giant generated "very strong demand" of 6.8 billion euros, it said in a statement.

The high demand has enabled Siemens to obtain very good interest-rate conditions over all maturities, the company said.

At the time of price fixing, the average issue yield for all three maturities was 20 basis points (0.2%) below the initial indications.

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