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Scania readies benchmark bond as market tone improves

Scania, the Swedish bus and truck manufacturer, will seek to take advantage of the improved tone in the corporate bond market with the launch of its second benchmark bond.

The forthcoming offering, which will raise at least €500m ($437.6m), will be Scania's only public offering in 2002. Deutsche Bank and Sweden-based SEB Capital Markets have the mandate for the five-year issue.

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