Volvo makes currency switch to euros and signs €1.2bn refi
Volvo Treasury on Wednesday signed a €1.2bn five year revolving facility to replace a $1.4bn line maturing in May next year. The Baa2/BBB+ rated borrower saw its facility, priced at 85bp, oversubscribed during syndication in what one banker close to the deal called a "straight-forward" process after the currency of its back-up line was switched to dollars.
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