Volvo revs into Hong Kong ‘melt-up’

Hong Kong island adobe stock 230x150
By Frank Jackman
04 Jul 2019

Swedish car manufacturer Volvo made its debut in Hong Kong dollars on Wednesday amid increasing tensions and unrest in the city.

Volvo (A3/A-) placed a HK$724m ($92.9m) 2.31% July 2024 bond on Wednesday. Crédit Agricole priced the trade at par.

“Their rating was upgraded a few months ago,” said one MTN banker. “More investors are starting to consider this credit. Volvo have benefitted from an upwards trajectory in ...

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