Volvo Cars raises SEK 1500m through inaugural green bonds in the Swedish market
Volvo Cars today successfully placed an inaugural green bond transaction in the SEK market, raising a total of SEK 1500m, divided into a fixed and a floating rate tranche, from a diverse set of Nordic investors. All proceeds are earmarked for funding and accelerating the company's transformation towards becoming a fully electric carmaker by 2030 and becoming climate neutral and circular by 2040. 100% of the proceeds will fund the research and development of new platforms and adjacent technology for the next generation pure electric Volvo cars. The SEK 650m 3-year fixed and the 850m 3-