Lates News

Volvo Treasury AB issued a 5-year, 500 million euro bond with an initial spread of about 120 basis points higher than the median swap rate. This bond issuance tests the demand for the automotive industry among investors. Uncertainty in the automotive industry due to US trade tariffs and emission regulations has led to customers adopting a "wait-and-see" approach. Moody's Ratings is expected to give the bond an A2 rating, while S&P Global Ratings is expected to give an A rating. The bond may be priced later today with Bank of America Corp., Credit Agricole SA, Deutsche Bank AG, and Nordea handling the management of the transaction.