Siemens AG — Capital/Financing Update 2003

May 22, 2003

News Details

Ad-hoc | 22 May 2003 07:07

Siemens AG english

Siemens AG Launches 7-Year Convertible Bond Ad-hoc-announcement transmitted by DGAP. The issuer is solely responsible for the content of this announcement. ——————————————————————————– Not for release in Canada or Japan Siemens AG (Berlin and Munich) is launching a convertible bond issue of approximately EUR2.5 billion today convertible into approximately 45 million shares of Siemens AG. The convertible bond has a maturity of 7 years and cannot be called for the first four years of the life of the security, callable thereafter subject to a 130 per cent provisional call. The convertible bond is offered with a coupon of 0.875% to 1.375% and a conversion premium of 45% to 50%. The coupon and conversion premium will be set at final pricing, which is expected to occur today. The convertible bond will be issued by Siemens Finance B.V., a Dutch Siemens subsidiary, and guaranteed by Siemens AG. Siemens intends to list the convertible bond on the Luxembourg stock exchange. The bond will be placed with institutional investors outside the US in reliance on Regulation S. Siemens is issuing the convertible bond to benefit from the attractive financing opportunity available in the current convertible market given the low interest rate and high volatility environment. The proceeds of the issue will be used for general corporate purposes and are to support the financial flexibility of Siemens AG. This press release is for information purposes only and is not an offer to sell, or the solicitation of an offer to buy, any securities. In connection with this transaction there has not been, nor will there be, any public offering of Siemens AG securities (“Siemens securities”). The distribution of this press release and the offer and sale of Siemens securities in certain jurisdictions may be restricted by law. Any persons reading this press release should inform themselves of and observe any such restrictions. This press release is not an offer of securities for sale in the United States. The offer and sale of Siemens securities has not been, nor will it be, registered under the United States Securities Act of 1933 and Siemens securities may not be offered or sold in the United States absent such registration or an applicable exemption from registration. The Underwriters may conduct stabilisation in connection with the offering. Stabilisation/FSA end of ad-hoc-announcement (c)DGAP 22.05.2003 ——————————————————————————– WKN: 723610; ISIN: DE0007236101; Index: DAX, EURO STOXX 50 Listed: Amtlicher Markt in Berlin-Bremen, Düsseldorf, Frankfurt (Prime Standard), Hamburg, Hannover, München und Stuttgart; EUREX; Amsterdam; Brüssel; London; Paris; New York; Zürich 220707 Mai 03