March 5, 2018 / 1:13 PM / 3 months ago

BRIEF-VW's Porsche says places 280 mln euro promissory note

March 5 (Reuters) - Volkswagen:

* UNIT PORSCHE AG SAYS PLACES A SCHULDSCHEIN LOAN WORTH 280 MILLION EURO‍​

* UNIT PORSCHE AG SAYS PROMISSORY NOTE WAS STRUCTURED IN TRANCHES WITH MATURITIES OF FIVE, SEVEN AND TEN YEARS AND WITH BOTH FIXED AND VARIABLE INTEREST RATES ON OFFER

* UNIT PORSCHE AG SAYS A HIGH LEVEL OF DEMAND MEANT THAT THE ORDER BOOK WAS SIGNIFICANTLY OVERSUBSCRIBED. Further company coverage: (Frankfurt newsroom)

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