Volvo buys back floating-rate notes just ahead of maturity date

Chicago, Nov. 17 – Volvo Treasury AB bought back notes from two series ahead of their maturity dates, according to two notices.

The company partially repurchased SEK 352 million floating-rate notes due Nov. 23, 2021 (ISIN: XS2044909021) leaving SEK 898 million outstanding after the notes were canceled. There were originally SEK 1.25 billion of the notes.

Separately, the issuer bought SEK 2.5 billion of floating-rate notes due Dec. 28, 2021 (ISIN: XS2018763545) leaving no notes outstanding after the buyback.

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

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