Porsche Holdings will start a E220 million conduit financing program next year through ABN AMRO, says Jochen Stich, group treasurer. Stich says Porsche is opting for the asset-backed commercial paper route because it has a need for continuous financing. ABN was tapped for the deal because the firm brought Porsche's first term deal to market in 2001. Ultimately, Porsche will go for a term deal, says Stich, but that will not happen until 2004.
Read the magazine on your mobile device
Want full access to GlobalCapital?
If you are new to GlobalCapital or you already subscribe to some of our channels you can still easily extend your access.
Take a trial to the entire site or subscribe online to see all our capital markets news, opinion and data sets.
Don't miss out!Free trial
|Rank||Lead Manager/Arranger||Share % by Volume|
Bookrunners of Global Structured Finance
|Rank||Lead Manager||Amount $m||No of issues||Share %|
|2||SG Corporate & Investment Banking||1,445.74||4||9.92%|
|3||Wells Fargo Securities||1,187.61||3||8.15%|
|5||Bank of America Merrill Lynch||831.08||4||5.70%|