POAHY Porsche Automobile Holding SE (PK)

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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