UPDATE 1-Porsche tightens spreads on euro bonds -lead

Newswire

(Adds details on pricing, book size, background) LONDON, Jan 20 (Reuters) - German sports car maker Porsche has tightened the price guidance on its planned 5- and 10-year euro bonds, an official at one of the lead managers said on Friday, which is usually a sign of strong investor demand. The bonds are being issued alongside a $1 billion hybrid bond, which Porsche sold on Thursday, and follow the high-end car maker's 3 billion euro ($3.63 billion) purchase of an 18.5 percent stake in ...

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