Valeo has decided to exercise its make-whole redemption option and will redeem in full its €750,000,000 5.375 per cent sustainability-linked bonds due 28 May 2027 on 24 August 2026. The redemption price will be determined according to the terms and conditions of the notes, which were issued under the company's €5,000,000,000 Euro Medium Term Note Programme. A notice of exercise will be given to noteholders on 7 August 2026 by BNP Paribas, acting as fiscal agent and calculation agent on behalf of Valeo. The move follows a May 2026 announcement of a new €600 million bond issue maturing in February 2033, whose proceeds were earmarked for general corporate purposes including the potential early redemption of these notes.
Valeo SAValeo is redeeming its €750M bond early, a capital management move that may reduce debt costs.
BNP Paribas SA