Siemens issues $7.5 bln bond to fund Mentor acquisition
FRANKFURT, March 17 (Reuters) - German industrial group Siemens issued a $7.5 billion bond, its second-largest placement to date, to fund acquisitions including Mentor Graphics and to finance outstanding and matured debt, it said in a statement on Friday.
"Due to the high demand, the company obtained very good interest-rate conditions over all maturities," Siemens said.
It said total investor demand was $15.1 billion, and about 83 percent was allocated to U.S. investors, with the rest placed with investors from Europe and Asia.
(Reporting by Georgina Prodhan; Editing by Arno Schuetze)
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