"I am very pleased with the success of this transaction – our second largest ever, after last year's U.S.$7.75 billion bond placement. We considerably broadened our investor base, particularly in the U.S., and at very favorable financing conditions." said Siemens CFO Ralf P. Thomas. Total investor demand reached U.S.$12 billion, which was about two times the issue volume. About 75 percent of the volume was allocated to investors from the United States and Canada, while the remaining bonds were placed with investors from Europe and Asia. "The high demand of our debt investors demonstrates that Siemens is regarded as a high-quality investment," said Thomas. Siemens' credit rating was unaffected by the bond issuance. The rating agency Standard & Poor's gives the new bonds an A+ rating, while Moody's rates them at A1.