Volvo Treasury 150 mln stg seen Gilts +50 bps area

Newswire

LONDON, Sept 24 (Reuters) - Volvo Treasury Services AB, guaranteed by Swedish automaker Volvo , plans to sell a 150 million pound bond due December 2006 on Friday, a banker familiar with the sale said. The bond is set to yield around 50 basis points over UK Gilts, the banker said. Volvo Treasury earlier mandated BNP Paribas and JP Morgan to manage the sale. Volvo Treasury is rated A3 with a stable outlook by Moody's Investors Service.

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