Germany's Dr. Ing. h.c. F. Porsche AG, a part of the Volkswagen AG (VOW.XE) group, said Thursday it has issued a 500 million euro promissory note.

MAIN FACTS:

-Porsche realized a EUR200 million oversubscription of the initial volume.

-The inflows from the placement will be used for the repayment of a high-yield dollar bond.

-Write to the Frankfurt Bureau at djnews.frankfurt@dowjones.com

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