Siemens Aktiengesellschaft: Siemens to issue bond with warrant units

Siemens Aktiengesellschaft  / Key word(s): Issue of Debt

09.02.2012 07:42

Dissemination of an Ad hoc announcement according to § 15 WpHG, transmitted
by DGAP - a company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.

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NOT FOR DISTRIBUTION OR RELEASE IN OR INTO AUSTRALIA, CANADA OR JAPAN, OR
IN ANY OTHER JURISDICTION IN WHICH OFFERS OR SALES WOULD BE PROHIBITED BY
APPLICABLE LAW.

Today Siemens will issue bond with warrant units with an intended volume of
US Dollar 3 billion. The final amount will be adjusted in accordance with
market environment and demand. This specific debt instrument puts Siemens
in a position to benefit from attractive market opportunities for US Dollar
funding. The planned bond issue is to be seen in the context of a
refinancing of EUR 2.2 billion in bonds that were redeemed in the first
quarter of the current fiscal year and of US Dollar 1.3 billion in bonds
that will mature in the second quarter of the current fiscal year. The
proceeds from the offering will be used for general corporate purposes and
to strengthen Siemens' financial flexibility.

The bond with warrant units with a minimum per-unit denomination of US
Dollar 250,000 will be offered exclusively to institutional investors
outside the U.S. Pre-emptive rights of Siemens shareholders are excluded.
The bonds issued by Siemens Financieringsmaatschappij N.V. are guaranteed
by Siemens AG and complemented with warrants issued by Siemens AG. The
warrants will entitle their holders to receive Siemens shares against
payment of the exercise price in Euros. The exact number of Siemens shares
per warrant will be fixed depending on the exercise price and the
underlying currency exchange rate at pricing. Based on a EUR/USD exchange
rate of 1.3270 and yesterday's XETRA closing of Siemens shares, options
rights for up to about 7.3 million Siemens shares per one billion of
notional bond value would be issued. The terms and conditions of the
warrants enable Siemens to service exercised option rights also by
delivering Treasury stocks as well as to buy back the warrants.

The bond with warrant units will be issued in two tranches with maturities
of 5.5 and 7.5 years, respectively. The maturities refer to both the bonds
and the related warrants. After issuance, the warrants can be detached from
the bonds, the option period commences on March 28, 2012. The bond with
warrant units, the bonds detached from warrants and the warrants detached
will be listed by Deutsche Bank AG in the Open Market segment of the
Frankfurt Stock Exchange ('Freiverkehr').

The interest coupon is expected to be between 0.55% to 1.05% per annum for
the shorter-term bonds and between 1.15% to 1.65% per annum for the
longer-term bonds. The exercise price per share is expected to be in the
range between 137.50% to 142.50% of the reference share price on the launch
date. The specific terms and the breakdown of the total volume between the
two maturities will be determined at final pricing. The delivery of bond
with warrant units against payment of the purchase price is scheduled for
February 16, 2012.


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Information and Explaination of the Issuer to this News:

This notification is not an offer to sell or invitation to buy securities
of Siemens Aktiengesellschaft.

This document is not an offer to sell or an invitation to buy securities in
the United States of America. The securities mentioned herein may not be
offered or sold in the United States or to any US person absent
registration or exemption from registration under the Securities Act of
1933 as amended (the 'Securities Act'). The securities mentioned herein
have not been and will not be registered in the United States under the
Securities Act.


Siemens Investor Relations
Tel.: +49 89 636 32474
Fax:  +49 89 636 32830
Mail: investorrelations@siemens.com

09.02.2012 DGAP's Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.de

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Language:     English
Company:      Siemens Aktiengesellschaft
              Wittelsbacherplatz 2
              80333 München
              Germany
Phone:        +49 (0)89 636-00
Fax:          +49 (0)89 636-52000
E-mail:       investorrelations@siemens.com
Internet:     www.siemens.com
ISIN:         DE0007236101
WKN:          723610
Indices:      DAX, EURO STOXX 50
Listed:       Regulierter Markt in Berlin, Düsseldorf, Frankfurt (Prime
              Standard), Hamburg, Hannover, München, Stuttgart; Terminbörse
              EUREX; London, NYSE, SIX
 
End of Announcement                             DGAP News-Service
 
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