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Valeo announces a new green bond issue for an amount of 650 million euros with maturity May 2031
Globenewswire· 2025-05-13 17:58
Core Viewpoint - Valeo has announced the issuance of new green bonds amounting to 650 million euros, maturing on May 20, 2031, with a coupon rate of 5.125% [1][2]. Group 1: Green Bond Details - The green bond issue raised 650 million euros, with a maturity period of 6 years and a coupon of 5.125% [1]. - The transaction was facilitated by several financial institutions, including BNP Paribas, Crédit Agricole CIB, CIC, Helaba, ING, and Mizuho, acting as Joint Active Bookrunners [1]. Group 2: Use of Proceeds - The net proceeds from the green bond issuance will be allocated to finance projects and investments related to technologies that support low-carbon mobility, particularly focusing on vehicle electrification [2]. Group 3: Sustainability Framework - The green bonds are issued under Valeo's Green and Sustainability-linked Financing framework, which was established in July 2021 and updated in September 2023 [3]. - A fifth supplement to the base prospectus was approved by the AMF on May 7, 2025 [3]. Group 4: Long-term Sustainability Goals - Valeo aims to achieve Net Zero by 2050, encompassing all its operating activities and supply chain globally, as well as its entire value chain in Europe [4]. - The company plans to continue developing its portfolio of technologies that promote low-carbon mobility, making them accessible to a wider audience [4].