By Abigail W. Adams
Portland, Me., June 21 – Geely Sweden Financials Holding AB priced €400 million of 0% five-year exchangeable bonds tied to AB Volvo with an initial conversion premium of 25%.
The bonds were issued on June 19 and listed on the Singapore Exchange Ltd., according to a listing confirmation.
Barclays Bank plc, Citigroup Global Markets Ltd., UBS Europe SE and J.P. Morgan Securities plc were bookrunners for the offering.
Geely Sweden is a Stockholm-based holding company that designs, manufactures and markets cars through its subsidiaries.
AB Volvo is a Gothenburg, Sweden-based multinational manufacturing company.
| Issuer: | Geely Sweden Financials Holding AB
|
| Securities: | Exchangeable bonds
|
| Exchange entity: | AB Volvo
|
| Amount: | €400 million
|
| Maturity: | June 19, 2024
|
| Bookrunners: | Barclays Bank plc, Citigroup Global Markets Ltd., UBS Europe SE and J.P. Morgan Securities plc
|
| Coupon: | 0%
|
| Conversion premium: | 25%
|
| Settlement date: | June 19
|
| Stock symbol: | SS: VOLVB
|
| Stock price: | SEK 149.45
|
| Market capitalization: | SEK 317.973 billion
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.
