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.