Volvo revs into Hong Kong ‘melt-up’
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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