Scania sells €300m floater through its fixed rate curve

Scania, the Swedish lorry and bus maker majority-owned by Volkswagen, joined the spate of European companies issuing floating rate notes today, with a €300m issue via BNP Paribas and Nordea.

  • 02 May 2013

Standard & Poor’s rates Scania A-, in line with Volkswagen, and views the two credits as very closely linked. In September it changed its outlook on Scania from stable to positive, because it was doing the same to VW.

The deal was Scania’s first this year, according to Dealogic. ...

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