The material on this site is for financial institutions, professional investors and their professional advisers. It is for information only. Please read our Terms & Conditions, Privacy Policy and Cookies before using this site. Please see our Subscription Terms and Conditions.

All material subject to strictly enforced copyright laws. © 2022 Euromoney, a part of the Euromoney Institutional Investor PLC.

Highlighting the luxury gap


Porsche: everyone wants a piece of the action

Dresdner Kleinwort Wasserstein is quite pleased with the quality of the auto deals it has done to date this year, so much so that it is thinking of raising the stakes when it comes to issuer freebies. BMW gave the syndicate team nice paper flags sporting its famous logo before its January issue; Volkswagen pushed the boat out and provided company mugs. The debt team is now hoping for great things when Porsche comes to market - perhaps a scale model of the soon to be released Carrera GT at least.

The BMW deal, the first corporate issue of the year, set a positive tone for the auto sector. Dresdner closed its own book on BMW's e750 million ($670 million) seven-year deal in one-and-a-half hours. It was also three times oversubscribed, with most of the 70 orders coming from Germany but a fair number from UK, Swiss and Italian investors, with even a showing from Asia.

You have reached premium content. Please log in to continue reading.

Read beyond the headlines with Euromoney

For over 50 years, our readers have looked to Euromoney to stay informed about the issues that matter in the international banking and financial markets. Find out more about our different levels of access below.


Unlimited access to and

Expert comment, long reads and in-depth analysis interviews with senior finance professionals

Access the results of our market-leading annual surveys across core financial services

Access the results of our annual awards, including the world-renowned Awards for Excellence

Your print copy of Euromoney magazine delivered monthly

£73.75 per month

Billed Annually


Unlimited access to and, including our top stories, long reads, expert analysis, and the results of our annual surveys and awards

Sign up to any of our newsletters, curated by our editors


Already a user?

We use cookies to provide a personalized site experience.
By continuing to use & browse the site you agree to our Privacy Policy.
I agree