Volvo plans to price 1 bln euro 10-yr bond -source

Newswire

LONDON, May 23 (Reuters) - Volvo Treasury, guaranteed by Volvo AB , the world's second-biggest truck maker, plans to price a 1 billion euro ($1.35 billion) 10-year bond later on Wednesday, a banking source said. The bond will be priced to yield mid-swaps plus 45 basis points, the source said, at the low end of initial guidance of "high 40s" basis points, suggesting good demand for the paper. BNP Paribas, Citigroup and HSBC are managing the sale. Volvo Treasury is rated A3 by Moody's ...

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