Valeo announced the placement of €850 million new green bonds maturing April 11, 2030, with an annual coupon of 4.50%.
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 were issued under Valeo’s Green and Sustainability-Linked Financing Framework, established in September 2023.
Clifford Chance advised the banks acting as lead managers (BNP Paribas, Crédit Agricole CIB, Citibank, Mizuho and Natixis) with a team made up of Cedric Burtord, partner, and Jessica Hadid, associate.