Porsche Subsidiary Places Around $690 Million ABS Bond in the U.S.
11 Novembre 2013 - 4:33PM
Dow Jones News
Porsche Automobile Holding SE (PAH3.XE) Monday said its
financial services subsidiary has placed another ABS bond in the
U.S.
MAIN FACTS:
-Porsche Financial Services Inc. has issued an ABS bond of
around $690 million.
-The coupon is on average much less than 1%.
-Investors were insurance companies , pension funds, banks ,
asset managers and companies.
-Given this success, Porsche Financial Services plans further
placements in the U.S. market for private bonds as part of the
funding strategy.
-Write to the Frankfurt Bureau at
djnews.frankfurt@dowjones.com
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