By Andrea Heisinger
New York, Feb. 28 - Siemens Financieringsmaatschappij NV sold $500 million of 1.5% five-year notes on Thursday as part of a multi-tranche sale that included two maturities of euro-denominated bonds, a market source said.
The notes (Aa3/AA+/) were priced at 99.574 to yield mid-swaps plus 65 basis points, or 80.9 bps over Treasuries.
The notes are guaranteed by Siemens AG.
Bookrunners were BofA Merrill Lynch, HSBC Securities USA Inc. and UBS Securities LLC.
The unit of engineering and electronics conglomerate Siemens AG provides capital for infrastructure and equipment as well as working capital for the company and its subsidiaries and is based in the Hague, the Netherlands.
Issuer: | Siemens Financieringsmaatschappij NV
|
Guarantor: | Siemens AG
|
Issue: | Notes
|
Amount: | $500 million, as part of multi-tranche euro-denominated sale
|
Maturity: | March 12, 2018
|
Bookrunners: | BofA Merrill Lynch, HSBC Securities USA Inc., UBS Securities LLC
|
Coupon: | 1.5%
|
Price: | 99.574
|
Spread: | Mid-swaps plus 65 bps, Treasuries plus 80.9 bps
|
Trade date: | Feb. 28
|
Settlement date: | March 12
|
Ratings: | Moody's: Aa3
|
| Standard & Poor's: AA+
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.