Siemens Energy AG has positioned its first so-called inexperienced bond, elevating 1.5 billion euros ($1.63 billion) that shall be used to refinance current debt of its wind-turbine unit Siemens Gamesa Renewable Energy.
The German energy-technology firm XE:ENR mentioned late Wednesday that the bond has two tranches of EUR750 million every–one matures in three years and has a coupon of 4% and the second has a maturity of six years with an annual coupon of 4.25%.
Proceeds…
Source web site: www.marketwatch.com
