Reoffer: 7yr: MS+60bp / 99.79 / 3.284%
Benchmark: DBR 2.3 15-Feb-33 @ 97.950 / B+66.1bp / HR 98%
Final books above €2bn
IPTs: 7yr: MS+100/105bp
Issuer: Volvo Treasury AB
Guarantor: AB Volvo (publ)
Issuer LEI: 549300PD69T87IGZG395
Guarantor LEI: 549300HGV012CNC8JD22
Guarantor ratings: A2 (stable outlook) by Moody's / A (stable outlook) by S&P
Expected issue ratings: A2 / A by Moody's/S&P
Tenor: 7-year
Size: €500m
Settlement: 11-Feb-26 (T+5)
Maturity: 11-Feb-33 (7-year)
Coupon: 3.250% Fixed, Annual, Act/Act (ICMA)
Reoffer: MS+60bps / yld 3.284 / px 99.790
BMK: DBR 2.3 15-Feb-33 +66.1 bps (Px 97.950) / 2.623% HR 98%
Status: Senior, Unsecured
Format: Reg S bearer, New Global Notes
Documentation: EMTN / Luxembourg (Regulated Market) / English Law
Optional Redemption: Clean-up Call (80%) / MWC (B+10) / 3m Par Call / Tax Call
Denominations: €100k + €1k
ISIN / Common Code: XS3295034022 / 329503402
Use of Proceeds: General Corporate Purposes
Joint Bookrunners: BNP Paribas, Citi, Danske Bank, ING (B&D)
Target Market: Manufacturer target market (MiFID II and UK MiFIR product governance) is eligible counterparties and professional clients only (all distribution channels). No EEA or UK PRIIPs key information document (KID) has been prepared as not available to retail in EEA or in the UK.
Selling restrictions: As per the Issuer's USD 20 billion EMTN Programme dated 7 May 2025 (Reg S Category 2, TEFRA D)
Advertisement: The Base Prospectus is, and the final terms, when published, will be available at http://www.bourse.lu and on the website of the Issuer at https://www.volvogroup.com/en/investors/debt-information/debt-programmes.html
Timing: Priced, TOE 13.48 UKT / 14.48 CET - FTT 14.15 UKT / 15.15 CET