Zuffenhausen — Porsche Automobil Holding SE (Porsche SE) has issued a further bond with a volume of 1.6 billion euros — the largest unrated bond on the market. The bond comprises two tranches with maturities until September 2029 and September 2032 and a volume of EUR 750 million and EUR 850 million respectively. The bond was oversubscribed several times.
The funds will be used by Porsche SE for the partial early repayment of existing financial liabilities and to build up strategic liquidity for potential acquisitions.
Advisor Porsche Automobil Holding SE: Hengeler Mueller
Capital markets law: Alexander G. Rang (partner, lead), Julia Weidner (counsel), Dr. Konrad Schäfer (associate, all Frankfurt). Corporate law: Dr. Carsten A. Schapmann, Dr. Gerd Sassenrath (both partners), Manuela Roeding (counsel), Dr. Maximilian Metzen (associate, all Düsseldorf).
About Hengeler Mueller
Hengeler Mueller is an international law firm with offices in Berlin, Brussels, Düsseldorf, Frankfurt, London and Munich. With around 320 lawyers, 90 of whom are partners, the firm specializes in providing legal advice in complex transactions, contentious disputes and special situations. Hengeler Mueller’s clients include major commercial enterprises as well as leading investors and family businesses in Europe and worldwide.