Volvo joins floater craze with €300m three year through curve
Volvo joined Scania and Volkswagen Bank in issuing euro floating rate notes today, tapping into one of the most noticeable and widely debated trends in Europe’s corporate bond market this spring.
Danske Bank and Société Générale had been pitching the Baa2/BBB rated truck and bus maker the idea of a floating rate euro issue, but had little warning for the deal, receiving the mandate this morning.
The 300m will-not-grow three year issue suffered nothing by the short notice. Put on
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