Tuesday , July 27 2021

Porsche Schuldshane takes $ 1 billion in funding

The money will be used to refinance the company's first clean electric car

Reputation car maker Porsche has borrowed $ 1 billion in so-called Schuldshen credit. This type of transaction is described by the car manufacturer.

The money will be used to refinance the Porsche Tech project, which is the company's first refined electric car, Porsche writes in a press release.

"We have seen more and more investors want to invest their funds in a sustainable way. With Green Shuldshen, we now offer lenders such an opportunity", Notes Porsche.

Porsche issued its green Shuldshan in branches with maturities of five, seven and ten years and with both fixed and variable interest rates. More demand meant that the original order book had to be scaled up.

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