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

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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