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Siemens issues bonds totaling US$10 billion

With an issue volume of US$10 billion, Siemens has executed its largest bond issuance to date. In addition, this issuance is the second-largest U.S. dollar financing measure by a German company since the year 2000. The price was set on March 2, 2021, and the transaction closed today. The fixed-rate bonds have maturities of two, three, five, seven, ten and twenty years. In addition, there is a variable-rate tranche with a maturity of three years. Here, Siemens has become the first German company to use the new secured overnight financing rate. The bonds are to be used to finance Siemens Healthineers’ acquisition of Varian, a move that was announced in August 2020.
At the time when the price was set, investor demand exceeded US$25 billion. Across all maturities, Siemens secured its lowest interest-rate costs yet for U.S. dollar bonds.
“Despite the already high level of issuing activity on the market, there was strong demand for our bonds. In addition, we secured outstanding conditions. These two factors are a testament to the trust that the investors place in Siemens,” said Ralf P. Thomas, Chief Financial Officer of Siemens AG.

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Siemens AG (Berlin and Munich) is a global technology powerhouse that has stood for engineering excellence, innovation, quality, reliability and internationality for more than 170 years. Active around the world, the company focuses on intelligent infrastructure for buildings and distributed energy systems and on automation and digitalization in the process and manufacturing industries. Siemens brings together the digital and physical worlds to benefit customers and society. Through Mobility, a leading supplier of intelligent mobility solutions for rail and road transport, Siemens is helping to shape the world market for passenger and freight services. Via its majority stake in the publicly listed company Siemens Healthineers, Siemens is also a world-leading supplier of medical technology and digital health services. In addition, Siemens holds a minority stake in Siemens Energy, a global leader in the transmission and generation of electrical power that has been listed on the stock exchange since September 28, 2020.

In fiscal 2020, which ended on September 30, 2020, the Siemens Group generated revenue of €57.1 billion and net income of €4.2 billion. As of September 30, 2020, the company had around 293,000 employees worldwide. Further information is available on the Internet at

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Wolfram Trost

Siemens AG

Werner-von-Siemens-Straße 1                       
80333 Munich

+49 (174) 1551859