Volvo wraps partial repurchases from six series of notes

By Mary-Katherine Stinson

Lexington, Ky., March 31 – Volvo Group announced the completion of partial repurchases of six separate series of notes issued by Volvo Treasury AB and guaranteed by AB Volvo, according to multiple notices.

The buyback of SEK 880 million of its SEK 2 billion floating-rate notes due May 17, 2023 (ISIN: XS2219380891) was completed on March 30, leaving SEK 1.12 billion outstanding.

The buyback of SEK 700 million of its SEK 1.5 billion floating-rate notes due May 26, 2023 (ISIN: XS2345835818) was completed on March 30, leaving SEK 880 million outstanding.

SEK 255 million was repurchased from the issue of SEK 2 billion floating-rate notes due April 3, 2023 (ISIN: XS2149423647), leaving SEK 345 million outstanding.

A partial repurchase of SEK 249 million of its SEK 500 million floating-rate notes due May 17, 2023 (ISIN: XS2219385858) was wrapped on March 30, leaving SEK 251 million outstanding.

SEK 114 million was redeemed from its SEK 2.5 billion floating-rate notes due Sept. 28, 2023 (ISIN: XS2237379271), leaving SEK 2,386,000,000 outstanding.

Finally, Volvo completed the repurchase of SEK 5 million of its SEK 1 billion floating-rate notes due April 6, 2023 on March 30 (ISIN: XS1978004882), leaving SEK 995 million remaining.

Volvo is a Gothenburg, Sweden-based luxury carmaker, which is owned by China’s Zhejiang Geely Auto Group.

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