Volvo Cars is pleased to announce that the issue of its EUR 500 million bond closed on 18th May, 2016. The senior unsecured notes mature on 18th May, 2021 and carry a fixed coupon rate of 3.25%. Interest will be payable semi-annually.
Volvo Cars, the premium car maker, is pleased to announce it has priced its debut senior notes offering. The Swedish company has priced €500 million aggregate principal amount of 3.25% senior notes due 2021 at par.
The S90 is Volvo’s new premium 4-door, 5-seat flagship sedan. It is built on the new Scalable Product Architecture (SPA), Volvo’s advanced modular product platform that will underpin all new Volvo cars in the 90 and 60 Series.
Volvo Cars, the premium car maker, has announced it is seeking to raise €500m from a bond issue, its first foray into the global corporate bond markets in its 89 year history. The Swedish company will begin a roadshow for potential investors on Monday next week.
Volvo Car Group, the premium car maker, trebled its operating profit for 2015 to SEK6.620bn compared to SEK2.128bn for the same period in 2014. Revenue for the year was SEK164,043m, up from SEK137,590m in 2014.
Volvo Cars has chosen the North American International Auto Show (NAIAS) in Detroit to launch its new signature premium sedan, the S90, underscoring its long term commitment to the US market and providing a clear sign of its confidence in continued sales growth in the coming year.