Porsche SE extended the appointment of Dr. Johannes Lattwein as board of management member responsible for finance and IT by a further five years until 31 January 2030Porsche SE extended the appointment of Dr. Johannes Lattwein as board of management member responsible for finance and IT by a further five years until 31 January 2030

Stuttgart, Germany — Porsche SE said Wednesday, it issued a record 1.6 billion euro bond for potential investments and refinancing, with two tranches and high demand.

The company aims to enhance its financing profile and attract investors. The bond was listed on the Luxembourg Stock Exchange, and major banks were involved in the transaction. Porsche SE, a holding company in the mobility and industrial technology sector, generated significant revenue in 2023.

Dr. Johannes Lattwein, member of the board of management responsible for finance and IT, said: “This transaction follows the successful issuances of the past year. Thanks to the high demand, we were able to secure very competitive conditions, allowing us to shape our financing profile even more robustly and at the same time to expand our flexibility for portfolio investments. With this record bond, Porsche SE has once again demonstrated its attractiveness for investors.”

By Lisa Luckas

Lisa Luckas is a Sr. Business News Editor at Nobot.News.

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