Volvo Cars shifts green drive up a gear with sustainability loan on road to 2040

Mike Turner

January 13, 2021 12:30 pm

Adobestock_Volvo_575x375_Jan21 — BELGRADE, SERBIA - MARCH 23, 2019: Detail of Volvo car in Belgrade, Serbia. Volvo is a Swedish multinational manufacturing company founded at 1927. | Boggy - stock.adobe.com

Volvo Cars, the Chinese-owned Swedish auto maker, has refinanced its main bank revolver with a €1.3bn sustainability-linked revolving credit facility, as the borrower looks to become climate neutral by 2040.

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Topics

Green and Social Bonds Syndicated Loans SEB Citi Investment Grade Loans HSBC SRI Nordea Markets

MT

Mike Turner

Corporate Debt Editor