Volvo sets guidance on 10-year euro bond -source

Newswire

LONDON, May 23 (Reuters) - Volvo Treasury, guaranteed by Volvo AB , the world's number two truck maker, has set guidance on a benchmark 10-year euro bond it plans to sell, a banking source said on Wednesday. The bond will be priced to yield mid-swaps plus "high 40s" basis points, the source said. Benchmark euro bonds usually total a minimum 500 million euros ($672.7 million). Volvo held a roadshow on Monday and Tuesday for the sale. BNP Paribas, Citigroup and HSBC are managing the ...

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