Porsche has placed a green Schuldschein of one billion euros
Porsche AG has issued the largest green Schuldschein to date with a volume of one billion euros. It is the first transaction of its kind by a car manufacturer: the funds will be used exclusively to refinance sustainable projects. Porsche issued its green Schuldschein in tranches offering maturities of five, seven and ten years as well as fixed and variable interest rates. The huge demand resulted in the original order book volume having to be increased.
Huge demand from international investors
More than 100 institutional investors such as banks, pension funds and insurance companies have participated in the Schuldschein transaction. The huge demand from international investors that had not, in the past, participated in Schuldschein issues by Porsche was particularly encouraging. Primarily, these originated from the Asia region. The transaction was arranged by Landesbank Baden-Württemberg, Bayern LB and ING. In addition, ING provided support as a “green advisor” – an expert in green Schuldschein transactions.
As part of its digitalisation strategy, Porsche has additionally participated in marketing via the “DEBTVISION” third-party financing platform. Companies can market their Schuldschein on this platform efficiently and transparently, and reach a broad investor base.
Read the complete Porsche press releas here:
Press release of Dr. Ing. h.c. F. Porsche AG