Log in
Login
Password
Remember
Lost password
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 

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

VALEO (FR)

SummaryQuotesChartsNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsSector news 

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
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.

React to this article
Latest news on VALEO
02/03 VALEO : GetCarXpert.com ties up with Bosch and Valeo to provide spare parts at a..
02/02 VALEO : The third annual valeo innovation challenge draws 3,302 student applican..
01/25 VALEO : The Cato Institute - Conference
01/22 VALEO : The Cato Institute - Conference
01/15 VALEO : You'll have one chance to get new school right ; Letters
01/07 VALEO : Patent Issued for Method and System for Controlling a Motor Vehicle Alte..
01/07 VALEO : Patent Issued for Lightguide with Horizontal Cutoff and Horizontal Sprea..
01/07 VALEO : Unveils its cutting-edge technologies at the 2016 consumer electronics s..
01/04 VALEO : strengthens its global leadership in autonomous and connected ...
2015 VALEO : Certain Windshield Wipers and Components Thereof; Commission Determinati..
Advertisement
News chart
Full-screen chart
Income Statement Evolution
More Financials