Member access

4-Traders Homepage  >  Shares  >  Euronext Paris  >  VALEO    FR   FR0000130338

VALEO (FR)

1126
SummaryQuotesChart AnalysisNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 

VALEO : announces the successful outcome of its 500 million euro bond issue with maturity in 2017 and its offer to repurchase 88.862 million euros’ worth of notes with maturity in 2013

01/17/2012 | 01:13pm US/Eastern
Recommend:
0
Valeo announces the successful outcome of its 500 million euro bond issue with maturity in 2017 and its offer to repurchase 88.862 million euros' worth of notes with maturity in 2013

Tuesday, 17 Jan 2012

Valeo announced the successful placement of 500 million euros' worth of new bonds with maturity in 2017 and the final result of its offer to repurchase notes with maturity in 2013 for a principal amount of 88.862 million euros.

This bond issue enabled the placement in favorable conditions of 500 million euros' worth of bonds with 5-year maturity and a coupon of 5.75%.
Regarding the offer to reimburse holders of the bonds with maturity in 2013 , launched simultaneously, Valeo confirms the repurchase of 22.2% of the outstanding bonds, for a principal amount of 88.862 million euros out of the principal amount of 600 million euros issued in June 2005, out of which 400 million were still outstanding.
These transactions will enable Valeo to lengthen and smooth its debt maturity profile by reducing the 2013 maturity by 88.862 million euros and creating a new maturity of 2017 for 500 million euros.


Valeo is an independent industrial Group fully focused on the design, production and sale of components, integrated systems and modules for the automotive industry, mainly for CO2 emissions reduction. Valeo ranks among the world's top automotive suppliers. The Group has 125 plants, 21 research centers, 39 development centers, 10 distribution platforms and employs 67,900 people in 28 countries worldwide.

Recommend :
0
React to this article
Latest news on VALEO
1h ago VALEO : Like-for-like* sales up 11% for first-quarter 2014
6d ago VALEO : Innovative Back-Over Protection System Wins a 2014 Automotive News PACE ..
04/15 VALEO : shortlists 20 teams for the “valeo innovation challenge”
04/11 VALEO : Back-Over Protection System Gets a 2014 Automotive News PACE Award
04/09 VALEO : Innovative back-over protection system wins a 2014 automotive news pace ..
03/27 VALEO : Patent Issued for Starting Time Control Method and Device for IC Engine
03/26 Communications ministry signs agreement with Microsoft, IBM, Henkel and Valeo
03/17 VALEO : Awarded 2014 top employers france and europe certification
03/13 VALEO : Awarded 2014 Top Employers France and Europe Certification
03/12DJEuropean Stocks Slide to One-Month Low on China Fears
Advertisement
Chart
Duration : Period :
VALEO Technical Analysis Chart | FR | FR0000130338 | 4-Traders
Income Statement Evolution
VALEO : Income Statement Evolution
More Financials
Dynamic quotes  
ON
| OFF