Volvo nips back with tight €350m FRN

Volvo FH truck for new website
By Jon Hay
28 Aug 2014

Volvo was the only corporate borrower to issue a bond in euros last week. On Thursday this week, it sold another one, confounding expectations in some quarters that last week’s €300m tap would be the last of its funding this year.

On Thursday it launched a two year floating rate note through BNP Paribas that grew from €200m to €350m and was priced at 38bp over three month Euribor.

“I didn’t think Volvo were done for the year – I was aware they had more to do,” ...

Already a subscriber?

Continue reading this article

Try full access to GlobalCapital

Free trial