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Porsche (NR): Guidance

CREDIT SUPPLY

• EUR Benchmark Long 5Y Fixed (Sept. 27, 2029) MS+120 Area. IPT MS+140 area. Books above EU2.3b: Leads.

• EUR Benchmark Long 8Y Fixed (Sept. 27, 2032) MS+155 Area. IPT MS+175 area. Books above EU2.6b: Leads.

• We had FV at 110a / 140a.

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