Volvo Raises $536.7M In Second Green Bond Offering

By Dorothy Atkins (May 24, 2022, 9:20 PM EDT) -- Swedish automaker Volvo Cars announced Tuesday that it has raised $536.7 million, or 500 million euros, in its second fixed-rate senior unsecured green bond offering to fund the company's energy efficiency goals and transition to selling fully electric vehicles by 2030.

The Gothenburg, Sweden-based company said the funds are earmarked to accelerate Volvo's goal of becoming a fully electric-car maker by 2030 and becoming "climate neutral and circular" by 2040.

More than two-thirds of the proceeds will fund electric vehicle research and development and new platform technology, while the remaining third will help accelerate the company's production capacity of electric cars,...

Stay ahead of the curve

In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.

  • Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
  • Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
  • Create custom alerts for specific article and case topics and so much more!


Hello! I'm Law360's automated support bot.

How can I help you today?

For example, you can type:
  • I forgot my password
  • I took a free trial but didn't get a verification email
  • How do I sign up for a newsletter?
Ask a question!