AB Volvo improved its funding capabilities through entry into US bond market

In October, Volvo Treasury AB, a subsidiary of AB Volvo, issued a USD 750 M guaranteed bond offering at an interest rate of 5.95% due 2015. The offering marked AB Volvo’s first entry into the US institutional bond market. “The US market is one of the world’s largest and most liquid markets and I am very pleased to note the great interest shown for this bond by the investor base, including U.S. institutional investors,” said Mikael Bratt, CFO of AB Volvo.