Porsche Parking Receivables In Conduit

  • 08 Dec 2002
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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.

  • 08 Dec 2002

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2 Citi 6,449 21 10.96
3 BNP Paribas 5,093 18 8.66
4 Barclays 4,040 11 6.87
5 Lloyds Bank 3,615 14 6.15

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5 Credit Suisse 51,260.05 154 5.53%