Siemens prices 2.5 billion euro convertible bond

Newswire

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.

Premium Content (PAID Subscription Required)

"Siemens prices 2.5 billion euro convertible bond" is part of the paid WardsAuto Premium content. You must log in with Premium credentials in order to access this article. Premium paid subscribers also gain access to:

  All of WardsAuto's reliable, in-depth industry reporting and analysis
  Hundreds of downloadable data tables including:
  •   Global sales and production data by country
  •   U.S. model-line inventory data
  •   Engine and equipment installation rates
  •   WardsAuto's North America Plant by Platform forecast
  •   Product Cycle chart
  •   Interrelationships among major OEMs
  •   Medium- and heavy-duty truck volumes
   •  Historical data and much more!


For WardsAuto.com pricing and subscription information please contact
Amber McLincha by email: amclincha@wardsauto.com or phone: (248) 799-2622
 

Current subscribers, please login or CLICK for support information.

Sponsored Introduction Continue on to (or wait seconds) ×