Volvo wraps partial repurchases from four series of notes

By Wendy Van Sickle

Columbus, Ohio, Nov. 3 – Volvo Group announced the completion of partial repurchases of four separate series of notes issued by Volvo Treasury AB and guaranteed by AB Volvo, according to multiple notices.

The buyback of SEK 615 million of the SEK 1.25 billion of 0.499% fixed-rate notes due Feb. 26, 2024 (ISIN: XS2345831403) was completed on Nov. 3, leaving SEK 635 million outstanding.

The buyback of SEK 1,158,000,000 of its SEK 1.8 billion 1.5% fixed-rate notes due Dec. 13, 2023 (ISIN: XS2345835818) was completed on Nov. 3, leaving SEK 642 million outstanding.

SEK 1,923,000,000 was repurchased from the issue of SEK 3.25 billion floating-rate notes due Feb. 26, 2024 (ISIN: XS2345824614), leaving SEK 1,327,000,000 outstanding.

Finally, Volvo completed the repurchase of SEK 1.26 billion of its SEK 2.5 billion floating-rate notes due Dec. 13, 2023 on Nov. 3 (ISIN: XS1921474844), leaving SEK 1.24 billion remaining.

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

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