"(The) monetary transmission mechanism (is) working okay in some places," exclaims Richard...

|By:, SA News Editor

"(The) monetary transmission mechanism (is) working okay in some places," exclaims Richard Barley, as Siemens (SI) takes advantage of low rates (for some), and issues a 2-year sterling-denominated note paying a coupon of 0.375%. The company is selling longer-term paper as well, planning to use the proceeds to buy back stock.