Largest ‘green’ Schuldschein is the first of its kind by an auto maker
Porsche has issued a green Schuldschein of 1 billion euros which it says will be used exclusively to fund sustainable projects. Porsche issued its green Schuldschein in tranches offering maturities of five, seven and ten years, with both fixed and variable interest rates. The company says huge demand resulted in the original order book volume having to be increased, with over 100 institutional investors now involved.
“We have seen that more and more investors want to invest their funds sustainably. With the green Schuldschein, we now give lenders such an opportunity”, says Lutz Meschke, member of the Executive Board for Finance and IT.