Valeo announces its green bond issue for an amount of 850 million euros with maturity April 2030
05 April 2024 - 3:21AM
Valeo announces its green bond issue for an amount of 850 million
euros with maturity April 2030
PRESS RELEASEParis, April 4,
2024
Valeo announces its green bond
issue for an amount of 850
million euros with maturity April
2030
On April 4, 2024, Valeo announced the placement
of 850 million euros worth of new green bonds maturing April 11,
2030.
This issue raised 850 million euros in bonds
maturing in 6 years with a coupon of 4,50%. BNP Paribas, Crédit
Agricole CIB, Citibank, Mizuho and Natixis acted as Joint Active
Bookrunners. The net proceeds of the transaction will be used for
financing projects and investments linked to the portfolio of
technologies that contribute to low-carbon mobility, in particular
vehicle electrification.
The green bonds are issued under Valeo’s Green
and Sustainability-linked Financing framework, established in
September 2023, available on Valeo's website in the Bond Investors
section. A second supplement to the base prospectus was approved by
the AMF on 3 April 2024.
By 2050, Valeo aims to achieve Net Zero covering
all of its operating activities and its supply chain worldwide and
its entire value chain in Europe (all the objectives of the CAP 50
plan are available in the Valeo Universal Registration Document,
Chapter 4). To achieve its objectives, Valeo will continue to
develop its portfolio of technologies that promote low-carbon
mobility accessible to the greatest number.
About Valeo
As a technology company and partner to all
automakers and new mobility players, Valeo is innovating to make
mobility cleaner, safer and smarter. Valeo enjoys technological and
industrial leadership in electrification, driving assistance
systems, reinvention of the interior experience and lighting
everywhere. These four areas, vital to the transformation of
mobility, are the Group's growth drivers.
Valeo in figures: 22 billion euros in sales in 2023 | 112,700
employees at December 31, 2023 | 29 countries, 175 plants, 66
research and development centers and 20 distribution platforms.
Valeo is listed on the Paris Stock Exchange.
Media Relations
Dora Khosrof | +33 7 61 52 82 75Caroline De Gezelle | + 33 7 62
44 17 85press-contact.mailbox@valeo.com
Investor Relations
+33 1 40 55 37 93valeo.corporateaccess.mailbox@valeo.com
- 20240404 _ PR Valeo _ Green Bonds Emission
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