Ford and Volvo roll out as Nissan hits the road to create euro bond curve

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By Mike Turner
10 Sep 2020

Ford, the US car maker, offered investment grade bond investors a chance to dip into high yield on Tuesday. And its rival, Nissan Motor, is lining up a seven tranche behemoth bond issue that will create a euro curve out to eight years.

Meanwhile, at the higher-rated end, lorry maker Volvo Treasury gave investors a chance to pick up A3/A- rated paper.  

Ford, rated Ba2/BB+/BB+, hit screens with a benchmark September 2025 trade at 3.5% via leads BNP Paribas, Crédit Agricole, JP Morgan and UniCredit. The deal is SEC-registered so there were ...

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