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Volvo Raises Another $676 Million in Bond Sale
Volvo Car Group raised €600 million ($676 million) today through the carmaker’s second bond sale this year.
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Volvo Car Group raised €600 million ($676 million) today through the carmaker’s second bond sale this year.
The bonds, which were issued at €99.63, will list on the Luxembourg Stock Exchange. They will mature in April 2024 with an equivalent yield of 2.2%,
The sale follows a $216 million bond sale in February. The two issues come after Volvo postponed and then suspended plans late last year to launch an initial public offering, citing trade tensions and a turbulent equity market.
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