The Paris-listed auto technology group said it will exercise the make-whole redemption option on its Sustainability Linked Bonds after flagging the potential move alongside a €600 million February 2033 bond sale in May.
Valeo said it has decided to exercise the make-whole redemption option on its €750,000,000 5.375 per cent. Sustainability Linked Bonds due 28 May 2027, redeeming the notes in full on 24 August 2026 at a price calculated under the bonds’ terms and conditions. The move follows the company’s 27 May 2026 announcement of a new €600 million bond maturing in February 2033, whose net proceeds were earmarked for general corporate purposes, including the possible early redemption of all or part of the 2027 notes during the second half of 2026. BNP Paribas, acting as Fiscal Agent and Calculation Agent, is due to send the formal notice to noteholders on 7 August 2026 under the relevant redemption and notice provisions. Valeo is listed on the Paris Stock Exchange.