Bosch & Siemens Confirms Plan to Meet Asian Bond Investors

HONG KONG--Germany's BSH Bosch & Siemens Hausgeraete GmbH, the consumer brand joint venture of Siemens AG (SI, SIE.XE) and Robert Bosch GmbH, confirmed it is planning to meet fixed-income investors in Asia next week and didn't exclude the possibility of issuing offshore yuan-denominated bonds again.

"Whether a new dim sum issuance will follow still has to be decided," Kai Schrickel, the Munich-based company's group treasurer and head of corporate finance division, said in an email.

Mr. Schrickel said the company is planning an investor update together with the company's chief financial officer Johannes Narger next week in Hong Kong, Taipei and Singapore, as the company's annual report with figures for 2011 has been released recently in May.

Bosch & Siemens has mandated Citigroup, Commerzbank, Deutsche Bank and the Royal Bank of Scotland to arrange a series of fixed-income investor meetings in Asia beginning Tuesday to gauge investor interest for a bond issue, a person close to the company told Dow Jones Newswires Thursday.

"A capital markets transaction may follow, subject to market conditions," said the person, who declined to be named.

The company, rated A by Standard & Poor's, has sold a CNY2 billion three-tranche offshore yuan bond in September last year, in a deal arranged by Deutsche Bank and HSBC Holdings PLC.

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