Volvo Cars refinances $500m worth of preference shares with Swedish investors

Volvo Cars refinances $500m worth of preference shares with Swedish investors

The grill of the Volvo AB S 90 vehicle is seen during the 2017 New York International Auto Show (NYIAS) in New York, U.S., on Wednesday, April 12, 2017. Photographer: Mark Kauzlarich/Bloomberg

Chinese-owned Volvo Cars said on Monday it had sold 5 billion Swedish crowns ($519 million) of convertible preference shares to a group of Swedish investors to replace an issue of preference shares of the same size that had matured.

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