NEW ISSUE: Volvo Treasury AB €500m (WNG) 3yr Sr Unsec; MS+70a
IGC European Market: Deal Flow - General
Issuer
Term
Maturity
Size
Ranking
Type
IPT
Volvo Treasury AB
3yr
26-Aug-29
€500m (WNG)
Sr Unsec
Fixed
MS+70a
IPTs: 3yr: MS+70a
Issuer: Volvo Treasury AB (publ)
Guarantor: AB Volvo (publ)
Issuer LEI: 549300PD69T87IGZG395
Guarantor LEI: 549300HGV012CNC8JD22
Guarantor Ratings: A2 (Stable) by Moody’s / A (stable) by S&P
Exp. Issue Ratings: A2 by Moody’s / A by S&P
Tenor: 3-Year
Size: €500mn “will not grow”
Settlement Date: 26-Aug-26 (T+7)
Maturity Date: 26-Aug-29 (3-year)
IPTs: MS+70bps area
Coupon: Fixed (Annual, Act/Act ICMA)
Denominations: €100,000 x €1,000
Format: Senior, Unsecured, Bearer, New Global Notes
Documentation: Euro Medium Term Note Programme Base Prospectus dated 7-May-26 as supplemented 22-May-26 (“Base Prospectus”), English Law, Luxembourg Stock Exchange (regulated market), Negative Pledge
Optional Redemption: 1-month Par Call, Make-Whole Call, Clean-Up Call (80%)
Use of Proceeds: General corporate purposes
Active Bookrunners: BofA Securities, NatWest, Nordea, Societe Generale(B&D)
Target Market: The manufacturer target market (MIFID II/UK MiFIR product governance) is eligible counterparties and professional clients only (all distribution channels). No EEA PRIIPs key information document (KID) or UK DISC disclosure document has been prepared as the notes will not be made available to retail investors in the EEA or the UK
Selling Restrictions: Reg. S, Cat 2, TEFRA D and as per the Issuer’s Base Prospectus
Sales Into Canada: Offers/sales into Ontario/Alberta/British Columbia only, subject to compliance with applicable law