Currently reading: Aston secures 'financial stability'
Aston's bond issue highlights recognition of "capabilities and confidence in our strategy"
Autocar
News
1 min read
22 June 2011

Aston Martin has completed a £304m bond issue to secure the company’s financial stability over the next seven years.

In the short-term Aston is working on revised versions of today’s models, for launch in 2012, and longer-term ground-up new ones for the middle of the next decade.

"Our successful bond issue represents a milestone and provides strong, long-term financial foundations for the company as we enter a new phase of growth," said Aston CEO Uli Bez.

Aston says the success of the bond issue highlights investor recognition of its "capabilities and confidence in our strategy".

Last year Aston says it lifted sales by 36 per cent and increased earnings before tax (EBITDA) by 61 per cent.

With solid financial backing, Aston new believes it can move forward with significant new developments: “We look forward to capitalising on the many opportunities ahead of us.”

Aston believes its growth will be driven both by the continuing recovery in its traditional markets and the opening up of new markets.

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