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Corporate Bonds

Volvo needs only €350m book for €200m floater to slam through its secondary curve

Volvo, the Swedish truckmaker rated Baa2/BBB, is an intermittent issuer in euros — May has been busy for it. On May 7, it sold a €300m no-grow three year floater that Danske Bank and Société Générale priced at 80bp over midswaps.

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