Siemens launches $7.75 billion acquisition bond

Tuesday, May 19, 2015

German industrial group Siemens has launched a US$7.75bn six-part bond, which is expected to finance the acquisition of US oilfield equipment maker Dresser-Rand.

Active bookrunners Barclays, Citi, Goldman Sachs, JP Morgan and Deutsche Bank are due to price the deal later in the day. The offering is the first Yankee dollar bond by the company since 2006.

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