Tweet

Porsche places a Schuldschein loan worth 280 million euro

05.03.2018: Significant oversubscription due to high demand Porsche AG has issued a Schuldschein loan to the value of 280 million euro. The promissory

Significant oversubscription due to high demand


Porsche AG has issued a Schuldschein loan to the value of 280 million euro. The promissory note was structured in tranches with maturities of five, seven and ten years and with both fixed and variable interest rates on offer. A high level of demand meant that the order book was significantly oversubscribed.



“We are using the funds from this transaction for the purposes of generally financing the company and refinancing existing debt. This is partially due to our high level of investment in e-mobility”, says Lutz Meschke, Deputy Chairman of the Executive Board and Member of the Executive Board for Finance and IT at Porsche.



“Thanks to the fact that the capital market situation is currently favourable, we have been successful in placing the Schuldschein loan in tranches with seven and ten-year maturities at very attractive terms.



This indicates the high level of confidence that the investors have in the long-term development of our brand and of Porsche as a company,” continued Meschke.



Over 50 institutional investors–including banks, pension funds and insurance companies–have acquired a share in the Schuldschein loan.



 It was particularly pleasing to see a high demand from new investors who had never previously subscribed to a Porsche Schuldschein. The transaction was arranged by Landesbank Baden-Württemberg.




Tanja Deutschenbaur-

Permanent-URL: http://www.automobilsport.com/porsche-schuldschein-loan-million-euro---173239.html

05.03.2018 / MaP

More News

Daimler Mobility Services purchases Europcar Groupís 25% stake in car2go Europe GmbH
01.03.2018
    Daimler Mobility Services to hold 100% of car2go Europe after approval by the relevant authorities    Daimler is poised to further expand its mobility portfolio  &nbs more >>
Daimler to expand local Mercedes-Benz production with its partner in China
26.02.2018
    Daimler and BAIC announce plans to expand local production of Mercedes-Benz vehicles due to expected market demand in China    Local production hub Beijing Benz Automotive Co. Ltd. ( more >>
Daimler AG welcomes Li Shufu as new long-term shareholder
24.02.2018
Daimler AG confirms that the entrepreneur Li Shufu has acquired 9.69% (103,619,340 shares) of the company. Daimler is pleased to announce that with Li Shufu it could win another long-term orientated shareholder, which is convinced by Daimler’s innovation strength, the strategy and the future potential.Daimler knows and appreciates Li Shufu as an especially knowledgeable more >>
Opel Vauxhall Finance stellt Strategieplan vor
16.02.2018
... um Umsatzwachstum von Opel/Vauxhall zu unterstützenOpel CEO Michael Lohscheller und Alexandre Sorel, CEO  Opel Vauxhall Finance (rechts)•    100 Tage nach der Akquisition d more >>
Renault performance achieves historic record including sales, revenues, operating margin and net income
16.02.2018
2017 FINANCIAL RESULTS:     Registrations increased 8.5% to 3.76 million units.    Group revenues increased by 14.7% to €58,770 million (+9.4% exclu more >>
Groupe Renault Board of Directors communication
15.02.2018
Communication from the board of directors following the meeting of February 15, 2018The Groupe Renault Board of Directors, acting upon the recommendation of the Appointments and Governance Committee, has proposed the renewal of Mr. Carlos Ghosn’s posi more >>
Renault Board of Directors proposes appointment of Messrs. Pierre Fleuriot and Thierry Derez as New Independent Directors
15.02.2018
On the proposal of the Appointment and Governance Committee, the Board of Directors of Renault proposed at its meeting held on February 15, 2017, the appointment of Messrs. Pierre Fleuriot and Thierry Derez as new independent directors, as successors to Messrs. Marc Ladreit de La more >>
Liqui Moly Bilanz 2017
13.02.2018
532 Millionen Euro Umsatz52 Millionen Euro Gewinn11.000 Euro Prämie für jeden4 Millionen Euro Spende Nebenbei auch mein Geburtstag - der 61te. Und weil wir das so wollen, haben wir auch die Liqui more >>
China and North America substantially boost Audi sales in January
10.02.2018
Around 149,100 deliveries worldwide, up 20.3 percent        Sales chief Bram Schot: “Good start to the new year”        Deliveries of the A4/A5 family increase by half more >>
Mercedes-Benz makes best-ever start to a year with more than 193,000 vehicles sold
06.02.2018
    With a plus of 8.4%, Mercedes-Benz started the new year with a new sales record (193,414 units).    More cars were delivered to customers in the regions Europe (+5.9%) and Asia-Pacific (+14.4%) than ever before i more >>
Mitsubishi Motors Reports Nine-Month Financial Results for FY2017
05.02.2018
Mitsubishi Motors Corporation (MMC) today announced nine-month financial results for the period to December 31, 2017, and issued a new forecast for its full-year fiscal results ending March 31, 2018.   For the nine-month peri more >>
Honda Sets All-Time Calendar Year Production Records for Automobile Production
02.02.2018
... Worldwide, Overseas, in Asia and ChinaHonda Motor Co., Ltd. today announced a summary of automobile production, Japan domestic sales, and export results for the calendar year 2017 as well as for the mont more >>
Toyota sells 1.52 million electrified vehicles in 2017
02.02.2018
... three years ahead of 2020 targetMilestone puts Toyota on track to achieve its 2030 target of 5.5 million electrified vehicle sales per year as part of its “Environmental Challenge 2050” more >>
BMW Group Middle East Reflects on Successful 2017
31.01.2018
 A Record Year for BMW 7 Series.-  Brand saw an 8% increase in sales in December 2017 compared to December 2016. - Most successful year ever for 7 Series which accounted for 18% of volume. - The new MINI Cou more >>
McLaren Automotive announces participation in Prime Minister's UK Trade delegation to China
30.01.2018
    Imports of the 570S Spider and 720S expected to begin with McLaren planning to double sales in China this year    McLaren Automotive continues to expand Chinese presence with 10 retailers and new sites set to be adde more >>
Renault-Nissan-Mitsubishi sells 10.6 million vehicles in 2017
30.01.2018
    Combined sales by Renault, Nissan and Mitsubishi Motors rise 6.5% to 10,608,366 units in 2017 – one in nine passenger cars and light commercial vehicles sold worldwide    Zero-emission leadership maintai more >>
BMW Group Financial Services announces the Car & Ride Sharing Lease
29.01.2018
BMW Group has a longstanding commitment to leading the way in mobility services by anticipating evolving customer needs and offering products that meet them. One of the biggest shifts in the automotive industry is the adoption of the sharing economy. Increasingly customers are looking for platforms which allow them to earn additional income by renting th more >>
Volkswagen Group South Africa completes major investment programme
25.01.2018
...and launches new VW Polo Photo Caption  : Premier of the Eastern Cape, the Hon. Phumulo Masualle; Chairman and Managing Director of Volkswagen Group South Africa, Mr. Thomas Schaefer; Deputy Minist more >>
IMF Global Growth Outlook
22.01.2018
The IMF is predicting an uptick in global growth in coming years, in part due to the impact of US tax cuts spurring investment and spending, the organization announced Monday.Global GDP growth will rise to 3.9% in 2018 and stay at that level in 2019 according to the figures released in the latest update to the World Economic Outlook report.“Well 2 more >>
Toyota announces new investment in its French car plant
22.01.2018
•    Toyota Motor Manufacturing France (TMMF) in Valenciennes to be upgraded to enable future production based on Toyota New Global Architecture (TNGA).•     Investment of mor more >>
Global sales results in 2017 - New record for Groupe Renault
15.01.2018
.... with 3.76 million vehicles sold, a rise of 8,5 %•    3.76 million vehicles sold, a rise of 8.5% in a market that grew 2.3%.•    A record year f more >>
Volkswagen brand sets delivery record in 2017
15.01.2018
    6.23 million vehicles handed over to customers worldwide    Deliveries up 4.2 percent on previous year    Most successful December in history of Volkswagen brand    Tiguan family with record deliveries more >>
Automobili Lamborghini achieves another record year
15.01.2018
3,815 cars delivered to customers in 2017 •    Lamborghini increases worldwide sales by 10% from 3,457 to 3,815 deliveries•    Global sales grow for seventh consecutive year• & more >>
Audi closes 2017 with new record-breaking sales
12.01.2018
1,878,100 automobiles sold:Following a difficult start, successful year-end closing with sales up 0.6 percent        Sales chief Bram Schot: “Demonstrated strength and brand attraction”     more >>
Porsche again sets new records for deliveries
11.01.2018
Four per cent more vehicles delivered worldwide in 2017The upward trend continued in 2017, as Porsche AG has delivered around 246,000 vehicles to customers worldwide in the last year. With this figure, the Stuttgart-based sports car manufacturer e more >>
BMW Group and Codelco agree on cooperation to establish the Responsible Copper Initiative.
11.01.2018
• Transparency in the copper supply chain will increase through the cooperation with Codelco • Sustainability from copper mining to installation in the automobile will be ensured • Together with many stakeholders, the Responsible Copper Initiative will set new standards in the copper supply chain more >>
SEAT sales rocket in 2017
11.01.2018
•    Brand deliveries total 468,400 vehicles, 14.6% more than in 2016 and the best result since 2001•    From 2012 to 2017, sales went up by 45.9%•    SEAT is one of the fastest growing brands more >>
2017 Toyota Motor Europe (TME) sales reach the 1 million mark with over 40% Hybrid EV sales
10.01.2018
    Toyota Motor Europe(1) sold 1,001,700 vehicles in 2017:      +8% versus last year, outperforming the market        Reaching 4.8% market share    more >>
McLaren Key corporate highlights 2017
05.01.2018
February – intention to build the new McLaren Composites Technology Centre in YorkshireMcLaren Automotive announced that it will in-source future production of carbon fibre Monocell and Monocage more >>
McLaren Automotive achieves another year of record sales in 2017
05.01.2018
McLaren Automotive, the British creator of luxury sportscars and supercars, has recorded another record year of growth, selling a total of 3,340 cars in 2017.Around two-thirds of sales are attributed to the Spo more >>
BMW Group sales increase 3.7 percent in December
04.01.2018
        BMW brand sales increase 4.3 percent.        MINI brand sales decrease 1.0 percent.    BMW Group Electrified Vehicles Sales total 21,208 in 2017. more >>
American Honda Sets 3rd Straight Annual Sales Record
03.01.2018
.....with Best-Ever December for Trucks    American Honda breaks all-time annual record for total Honda and Acura vehicle sales with 1,641,429 units in 2017, a gain of 0.2%    New light truck annual sales mark more >>
Porsche opens its 100th sales site in China
29.12.2017
Sports car manufacturer with a new offering for customersInvestments in the Middle Kingdom: Porsche has opened its 100th sales site in China. The new “Porsche Studio” in the huge metropolis of Guangzhou is an innovative sales concept similar to more >>
Daimler: Significant increase of Group Net Income as a result of the tax reform in the U.S.
23.12.2017
The law signed by the President of the USA for a comprehensive tax reform (“Tax Cuts and Jobs Act”), includes the reduction of the nationwide federal corporate income tax rate from 35% to 21%, starting January 01, 2018.   more >>
Daimler has acquired a majority stake in Chauffeur Privé
21.12.2017
... one of the leading private hire vehicle services in France    Another step in international expansion for Daimler Mobility Services    Chauffeur Privé has more than 1.5 million customers and 18,000 drivers more >>
BMW Group meets pledge to deliver 100,000 electrified vehicles in 2017
18.12.2017
The BMW Group has delivered more than 100,000 electrified vehicles to customers worldwide in 2017, as promised at the beginning of the year. This underlines the company’s leadership role when it comes to electro-mobility. An eye-cat more >>
Volkswagen Group deliveries grow 11.1 percent in November 2017
16.12.2017
    995,900 vehicles handed over to customers in November    Fred Kappler, Head of Group Sales: "Thanks to a successful second half of the year we are heading for a very good delivery result for the full year 2017." more >>
Groupe Renault, Brilliance form joint venture to manufacture LCVs in China
15.12.2017
...in three segments with three brandsGroupe Renault and Brilliance China Automotive Holdings Limited (Brilliance) have confirmed signing a contract for the formation of a joint venture to manufacture and sell light commercial vehicles ( more >>
BMW Group announces construction of new proving ground in the Czech Republic
15.12.2017
Company’s first development location in Eastern Europe-  Testing of ground-breaking technologies, such as electrification, digitalisation and automated driving - Investment in three-digit-million € range - more >>

2001-2020 automobilsport.com full copyright