Volvo Cars successfully places first green bond and raises EUR 500m
VOLVO CAR AB STOCK EXCHANGE RELEASE 30 SEPTEMBER 2020 at 16:40 CETVolvo Cars today successfully placed its first green bond, raising EUR 500m from a diverse group of institutional investors and further increasing the company’s financial flexibility. The proceeds of the bond will be used to fund the design, development and manufacturing of fully electric cars in line with the company’s recently established Green Finance Framework. A report will be issued annually to provide full transparency to investors. The bond issue was oversubscribed 5 times, illustrating both the current market