Volvo to redeem €600 million subordinated reset securities due 2078

By Mary-Katherine Stinson

Lexington, Ky., Jan. 27 – Volvo Treasury AB (publ) will redeem early its €600 million subordinated fixed-to-reset rate 8.25-year non-call capital securities due 2078 (ISIN: XS1150695192), according to a notice.

The redemption will be at par plus any accrued interest on March 10, which is the first non-call reset date.

There is no accrued or deferred interest payable on the notes, according to the notice.

Volvo Treasury is the Volvo Group’s internal bank and is based in Gothenburg, Sweden.

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