Volvo wraps partial repurchases from two series of notes

By Mary Katherine Stinson

Lexington, Ky., Jan. 11 – Volvo Group announced the completion of partial repurchases of two separate series of notes issued by Volvo Treasury AB and guaranteed by AB Volvo, according to multiple notices.

The buyback of SEK 25 million of the SEK 1.25 billion of 0.499% fixed-rate notes due Feb. 26, 2024 (ISIN: XS2345831403) was completed on Jan. 11, leaving SEK 610 million outstanding.

Additionally, SEK 708 million was repurchased from the issue of SEK 3.25 billion floating-rate notes due Feb. 26, 2024 (ISIN: XS2345824614) on Jan. 11, leaving SEK 619 million outstanding.

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

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