Volvo buys back some floating-rate notes due May 2022

By Rebecca Melvin

Concord, N.H., May 20 – Volvo Treasury AB said it repurchased and canceled some of its SEK 750 million floating-rate notes due May 23, 2022 (ISIN: XS2043807242), guaranteed by Volvo AB, according to a notice.

The company repurchased SEK 50 million of the notes on May 20, leaving SEK 700 million 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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