Siemens prices 2.5 billion euro convertible bond


LONDON, May 22 (Reuters) - Siemens AG priced its 2.5 billion euro convertible bond with a 1.375 percent coupon and a 46% conversion premium, joint bookrunners UBS Warburg and Morgan Stanley said on Thursday. The bond has been issued and will redeem at 100 percent of its par value. Shares in the German group, whose operations range from power stations and high speed trains to mobile phones and medical scanners, were down 2.18 percent at 38.59 euros by 1455 GMT on Thursday.

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