Aston Martin secures £304m boost

Premium sports car builder Aston Martin has successfully completed a £304 million bond issue.

The Warwickshire-based firm aims to achieve long-term stability through the cash boost.

The deal is expected to take care of the company's cash needs for the next seven years.

Immediately, the firm will focus on the expansion of its existing model range. Going forward, new models will be developed in around four years.

"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… The success of the bond issue highlights investor recognition of our capabilities and confidence in our strategy," Aston Martin's CEO Dr Ulrich Bez said.

The company reported a 61% rise in earnings and 36% rise in sales before tax last year.

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