Reuters (Beijing) - Zhejiang Geely Holding Group, the owner of Volvo Car, plans to issue 1 billion yuan ($154 million) in a seven-year corporate bond, sources said on Tuesday.
"The bond may be issued at the inter-bank market and the Shanghai Stock Exchange simultaneously," a person with knowledge of the matter told Reuters.
The financial terms of the bond were not available.
Geely, the parent of Geely Automobile Holdings , took over Ford Motor's Volvo car business in August 2010.
It had subsequently unveiled a $10-11 billion global expansion plan for Volvo, including a car manufacturing plant in the southwestern Chinese city of Chengdu.
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