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Valeo issues €600M bond

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Valeo issues €600M bond

France-based automotive supplier Valeo SA placed €600 million in bonds maturing June 18, 2025.

Net proceeds of the seven-year bonds, which carry a coupon of 1.50%, will be used for general corporate purposes.

BNP Paribas, Citi, Crédit Agricole CIB, HSBC and Natixis served as joint leader managers on the transaction.