Siemens issues bond with warrant units in an aggregate volume of USD 3 billion
De Brauw has advised Siemens on the issuance of two tranches of bond with warrant units with an aggregate volume of USD 3 billion. The bonds are issued by Siemens Financieringsmaatschappij N.V. with a guarantee by Siemens AG. The terms and conditions of the warrants enable Siemens to service exercised option rights also by delivering treasury stock as well as by buying back the warrants. After issuance the warrants can be detached from the bonds. All instruments are listed on the Open Market segment of the Frankfurt Stock Exchange ("Freiverkehr").
With an aggregate volume of USD 3 billion, this is the biggest issuance by a European corporate in this market segment for the past ten years.
TeamJoost Schutte, Esther Bromet, Paul Sleurink, Pieter van Os