July - September
Porsche issues a 500 million euro promissory note (Schuldscheindarlehen)Investors show strong demand for Porsche refinancing
Stuttgart. With a 500 million euro promissory note benchmark transaction,
Dr. Ing. h.c. F.
“We are delighted that we could repeat the success of the previous year. The overwhelming demand of investors was even considerably above our internal limit of 500 million euro. That shows a clear testimony to the strength of the
The promissory note was arranged by Landesbank Baden-Württemberg and UniCredit Bank AG in four tranches with fixed and variable interest rates and maturities of four and six years. The investors, mainly from Germany, were Cooperative banks (Volksbanken), savings banks, Federal State banks and institutional banks as well as asset management firms.