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Siemens issues $7.5 bln bond to fund Mentor acquisition
March 17, 2017 / 12:29 PM / in 9 months

Siemens issues $7.5 bln bond to fund Mentor acquisition

FRANKFURT, March 17 (Reuters) - German industrial group Siemens issued a $7.5 billion bond, its second-largest placement to date, to fund acquisitions including Mentor Graphics and to finance outstanding and matured debt, it said in a statement on Friday.

“Due to the high demand, the company obtained very good interest-rate conditions over all maturities,” Siemens said.

It said total investor demand was $15.1 billion, and about 83 percent was allocated to U.S. investors, with the rest placed with investors from Europe and Asia. (Reporting by Georgina Prodhan; Editing by Arno Schuetze)

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