Scania hauls in Skr as Nordic truckers drive recovery

Scania rode a wave of demand for Nordic truck makers this week, opening the Swedish krona market on Monday with an oversubscribed Skr1.5bn ($234m) two tranche deal. Truck producers in the region have enjoyed a strong recovery since 2008, and have also resisted the eurozone sovereign crisis, making these corporates an even safer asset class in investors’ eyes.