Allen & Overy LLP advised the initial purchasers on the offering of U.S.$7.5 billion aggregate principal amount of U.S. dollar denominated bonds by Siemens Financieringsmaatschappij N.V.

The bonds are guaranteed by Siemens Aktiengesellschaft.

The company issued seven tranches of bonds with maturities of three, five, seven, ten and 30 years. In the three-year and five-year categories, Siemens issued a series of floating rate and a series of fixed rate notes. The other series are fixed rate notes.

The initial purchasers were led by Deutsche Bank Securities Inc. (Sole Global Coordinator), BNP Paribas Securities Corp., Citigroup Global Markets Inc., HSBC Securities (USA) Inc., J.P. Morgan Securities LLC and RBS Securities Inc.

The company intends to use the proceeds for general corporate purposes, including financing of recently announced M&A activities and refinancing of financial debt.

The Allen & Overy team advising the initial purchasers included Partners Marc Plepelits (US Corporate Finance, Frankfurt) and Christoph Enderstein (International Capital Markets, Frankfurt), Senior Associates Martin Schmidt (US Corporate Finance, Frankfurt) and Timothy Knauff (US Corporate Finance, Frankfurt) and Associate Rita Nicole Thomas (US Corporate Finance, Frankfurt). They were supported on tax matters by Partner Heike Weber (Taxation, Frankfurt) and Associate Caroline Lapidus (Taxation, New York).