Siemens : again secures favorable financing conditions
February 20, 2020 at 08:16 am EST
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Munich, February 20, 2020
Siemens again secures favorable financing conditions
Siemens issues bonds with a value of €4 billion and £850 million
Demand more than double issue volume
Siemens has issued bonds with a total value of about €5 billion, around €1 billion (£850 million) of which have been issued in pound sterling. The transaction closed today. The proceeds of the issuance will be used for general corporate purposes including the refinancing of upcoming maturities. Investor demand was high. At more than €10 billion, demand was more than double the issue volume.
The euro-denominated bonds have maturities of three, six, nine and twelve years. The bonds in pound sterling in the amount of £850 million have a maturity of five years. Most of the investors are from Germany, France and - especially in the case of the bonds in pound sterling - from the United Kingdom.
"We've again secured outstanding financing conditions. Siemens continues to have an excellent reputation on the capital market," said Siemens CFO Ralf P. Thomas.
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Siemens AG
Werner-von-Siemens-Str. 1
Communications
80333 Munich
Head: Clarissa Haller
Germany
Reference number: COPR202002195805EN
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Siemens AG
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Siemens AG (Berlin and Munich) is a global technology powerhouse that has stood for engineering excellence, innovation, quality, reliability and internationality for more than 170 years. The company is active around the globe, focusing on the areas of power generation and distribution, intelligent infrastructure for buildings and distributed energy systems, and automation and digitalization in the process and manufacturing industries. Through the separately managed company Siemens Mobility, a leading supplier of smart mobility solutions for rail and road transport, Siemens is shaping the world market for passenger and freight services. Due to its majority stakes in the publicly listed companies Siemens Healthineers AG and Siemens Gamesa Renewable Energy, Siemens is also a world-leading supplier of medical technology and digital healthcare services as well as environmentally friendly solutions for onshore and offshore wind power generation. In fiscal 2019, which ended on September 30, 2019, Siemens generated revenue of €86.8 billion and net income of €5.6 billion. At the end of September 2019, the company had around 385,000 employees worldwide. Further information is available on the Internet at www.siemens.com
Reference number: COPR202002195805EN
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Siemens AG published this content on 20 February 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 20 February 2020 13:15:04 UTC
Siemens AG is one of the world's leading manufacturers of electronic and electro-technical equipments. Net sales (including intragroup) break down by family of products as follows:
- digital industrial equipment (28.2%): automated production, assembly, logistics and monitoring systems, etc.;
- medical equipment (27.8%): medical imaging systems, laboratory diagnostics and hearing aid systems, etc.;
- smart building and infrastructure solutions (25.6%): energy transition solutions, HVAC products (heating, ventilation and air conditioning systems), building security systems (fire detection and protection systems, access control, video surveillance and intrusion detection systems, etc.), building management systems, etc.;
- mobility solutions and systems (13.5%): rail vehicles, rail automation systems, rail electrification systems, digital and cloud-based solutions, etc.
The remaining net sales (4.9%) are primarily from financial activities (leasing, equipment and project financing, financial consulting services, etc.).
Net sales are distributed geographically as follows: Germany (16.3%), Europe/CIS/Africa/Middle East (30.8%), the United States (23.9%), America (5.2%), Asia and Australia (23.8%).