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SIEMENS AG

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Siemens : Strong demand for Siemens bonds despite negative yields

09/06/2019 | 12:47pm EDT

Press

Munich, September 6, 2019

Strong demand for Siemens bonds despite negative yields

  • Siemens issues bonds with a total value of €3.5 billion and maturities of two, five, ten and fifteen years
  • Investor demand more than four times higher than issue volume
  • Siemens secures most favorable financing conditions to date

Siemens has issued bonds with a total value of €3.5 billion. The transaction closed yesterday. The proceeds of the issuance will be used for general corporate purposes. Investor demand was very high. At around €15 billion, demand was more than four times the issue volume. More than 70 percent of the investors are from Germany, France and the UK.

The bonds have maturities of two, five, ten and fifteen years. On issuance, the two- year tranche of €1 billion had a yield of a negative 0.315 percent. Never before has a corporate bond with a lower yield been offered on the primary market. On issuance, the five-year tranche of €500 million offered a yield of a negative 0.207 percent. The ten-year bond of €1 billion offered a yield of 0.179 percent, while the fifteen-year tranche, which also totaled €1 billion, had a yield on issuance of 0.550 percent.

"With this transaction, Siemens has again secured outstanding financing conditions. The high demand is proof of investor confidence in our financial strength and underscores our company's excellent reputation on the capital market," said Siemens CFO Ralf P. Thomas.

Siemens AG

Werner-von-Siemens-Str. 1

Communications

80333 Munich

Head: Clarissa Haller

Germany

Reference number: PR201909055352EN

Page 1/2

Siemens AG

Press release

This press release is available at www.sie.ag/2kjY4a1

Contact for journalists

Wolfram Trost

Phone: +49 89 636-34794;e-mail:wolfram.trost@siemens.com

Follow us on Twitter at www.twitter.com/siemens_press

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 2018, which ended on September 30, 2018, Siemens generated revenue of €83.0 billion and net income of €6.1 billion. At the end of September 2018, the company had around 379,000 employees worldwide. Further information is available on the Internet at www.siemens.com.

Reference number: PR201909055352EN

Page 2/2

Disclaimer

Siemens AG published this content on 06 September 2019 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 06 September 2019 16:46:02 UTC


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