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Press Release04 September 2024Siemens AGMunich
Siemens remains a pioneer – Another digital bond successfully issued on blockchain
“Since the successful issuance of our first
digital bond on a blockchain, we have been rigorously focusing on the further
development of this forward-looking technology. By issuing another digital bond,
we are demonstrating once again our spirit of innovation and underscoring our aim
to continuously drive digital solutions for the financial markets. Siemens
remains a pioneer in the application of the latest technologies on the capital
and securities markets,” said Ralf P. Thomas, Chief Financial Officer of Siemens
AG.
“Automated processing
within a few minutes shows the enormous potential of this new technology and
confirms our strategy of playing a leading role in continuously shaping the
digital transformation. We are proud to be an active driver of further
developments in this area and of the further digitalization of the capital
markets. Thanks to our successful collaboration with our project partners, we have
reached another key milestone,” added Peter Rathgeb, Corporate Treasurer of
Siemens AG.
The current bond has
a volume of €300 million and a maturity of one year. The securities transaction was settled
via the private permissioned blockchain of SWIAT, and the Trigger Solution
provided by the Bundesbank, making it possible to settle a Siemens bond for the
first time in a fully automated manner, within minutes and in central bank
money. In the transaction, Siemens leveraged its valuable experience with last
year’s first-time €60 million digital bond issuance, which had still required a
two-day settlement period. As a result, this time the settlement risk was
almost fully eliminated for all parties involved.
DekaBank acted as bond registrar for the
transaction. BayernLB, DekaBank,
DZ BANK, Helaba and LBBW invested in the securities.
Deutsche Bank ensured settlement for Siemens in central bank money via the
Bundesbank Trigger Solution.
Siemens AG (Berlin and Munich) is a leading technology company focused on industry, infrastructure, mobility, and healthcare. The company’s purpose is to create technology to transform the everyday, for everyone. By combining the real and the digital worlds, Siemens empowers customers to accelerate their digital and sustainability transformations, making factories more efficient, cities more livable, and transportation more sustainable. Siemens also owns a majority stake in the publicly listed company, Siemens Healthineers, a leading global medical technology provider shaping the future of healthcare.
In fiscal 2023, which ended on September 30, 2023, the Siemens Group generated revenue of €74.9 billion and net income of €8.5 billion. As of September 30, 2023, the company employed around 305,000 people worldwide on the basis of continuing operations. Further information is available on the Internet at www.siemens.com.
In fiscal 2023, which ended on September 30, 2023, the Siemens Group generated revenue of €74.9 billion and net income of €8.5 billion. As of September 30, 2023, the company employed around 305,000 people worldwide on the basis of continuing operations. Further information is available on the Internet at www.siemens.com.
Notes and forward-looking statements
This document contains statements related to our future business and financial performance and future events or developments involving Siemens that may constitute forward-looking statements. These statements may be identified by words such as “expect,” “look forward to,” “anticipate,” “intend,” “plan,” “believe,” “seek,” “estimate,” “will,” “project” or words of similar meaning. We may also make forward-looking statements in other reports, in prospectuses, in presentations, in material delivered to shareholders and in press releases. In addition, our representatives may from time to time make oral forward-looking statements. Such statements are based on the current expectations and certain assumptions of Siemens’ management, of which many are beyond Siemens’ control. These are subject to a number of risks, uncertainties and factors, including, but not limited to those described in disclosures, in particular in the chapter Report on expected developments and associated material opportunities and risks in the Combined Management Report of the Siemens Report (siemens.com/siemensreport), and in the Interim Group Management Report of the Half-year Financial Report (provided that it is already available for the current reporting year), which should be read in conjunction with the Combined Management Report. Should one or more of these risks or uncertainties materialize, should decisions, assessments or requirements of regulatory authorities deviate from our expectations, should events of force majeure, such as pandemics, unrest or acts of war, occur or should underlying expectations including future events occur at a later date or not at all or assumptions prove incorrect, actual results, performance or achievements of Siemens may (negatively or positively) vary materially from those described explicitly or implicitly in the relevant forward-looking statement. Siemens neither intends, nor assumes any obligation, to update or revise these forward-looking statements in light of developments which differ from those anticipated.
This document includes – in the applicable financial reporting framework not clearly defined – supplemental financial measures that are or may be alternative performance measures (non-GAAP-measures). These supplemental financial measures should not be viewed in isolation or as alternatives to measures of Siemens’ net assets and financial positions or results of operations as presented in accordance with the applicable financial reporting framework in its Consolidated Financial Statements. Other companies that report or describe similarly titled alternative performance measures may calculate them differently.
Due to rounding, numbers presented throughout this and other documents may not add up precisely to the totals provided and percentages may not precisely reflect the absolute figures.
Contact
Simon Friedle
Siemens AG
Werner-von-Siemens-Straße 1
80333 Munich
Germany
80333 Munich
Germany
+49 1525 2159076