Volvo Cars successfully places first green bond, raises €500M
Green Car Congress
OCTOBER 1, 2020
As a first tangible step towards its 2040 vision the company aims to reduce its lifecycle carbon footprint per car by 40% between 2018 and 2025. The settlement date is expected to be 7 October 2020 and the bonds will be listed on the Luxembourg Stock Exchange. The bond matures in October 2027 and pays a fixed coupon of 2.5%.
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