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Volvo repurchases SEK 1.84 billion floating-rate notes due 2022, 2023
By William Gullotti
Buffalo, N.Y., Nov. 4 – Volvo Treasury AB said it repurchased and canceled some of its SEK 2 billion floating-rate notes due Dec. 8, 2022 (ISIN: XS2153414292) and its SEK 2 billion floating-rate notes due April 3, 2023 (ISIN: XS2149423647), both guaranteed by AB Volvo, according to a notice on Friday.
The company repurchased SEK 844 million of the 2022 notes, leaving SEK 1,156,000,000 of the issue outstanding.
The company also repurchased SEK 1 billion of the 2023 notes, leaving SEK 1.6 billion of the issue outstanding.
Volvo is a Gothenburg, Sweden-based luxury carmaker, which is owned by China’s Zhejiang Geely Auto Group.
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