Volvo Sells Debt as Tariff Concerns Weigh on Automakers

Investor demand for Volvo Treasury AB’s €500 million ($563 million) bond topped €2.3 billion on Friday, showing strong appetite despite the issuer’s exposure to US tariffs.

The subsidiary of commercial vehicle manufacturer Volvo AB initially offered a spread of around 120 basis points above mid-swaps though the deal was revised sharply lower for a final print of 82 basis points, over according to a person familiar with the matter who asked not to be identified.