Volvo Treasury

24 May 2007

Guarantor: Volvo AB

Rating: A3

Amount: Eu1bn

Maturity: 31 May 2017

Issue/re-offer price: 99.423

Coupon: 5%

Spread at re-offer: 70.9bp over 3.75% Jan 2017 Bund

Launch date: 23 May

Payment date: 31 May

Lead mgr: BNP Paribas, Citigroup, HSBC

Borrower’s comment:

While we had not been in the long part of the curve for quite some time, ...

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