Valeo announces make-whole redemption amount and rate for €750 million bonds
Valeo will redeem its €750 million 5.375% sustainability-linked bonds due 2027 on 24 August 2026, paying €102,436.71 per note.
- €750,000,000
- 5.375%
- EUR 102,436.71
- 2.6080%
What Happened
Valeo SE has announced the exact make-whole redemption terms for its €750 million 5.375% sustainability-linked bonds due 28 May 2027, issued as Series N°13, Tranche N°1 under its €5 billion Euro Medium Term Note Programme. The bonds, identified by ISIN FR001400EA16, will be redeemed in whole on 24 August 2026, following the company's earlier notice on 7 August 2026 of its election to exercise the make-whole redemption option under Condition 6(b)(ii). All outstanding notes will be repaid at the stated make-whole amount and will be delisted from Euronext Paris on the redemption date. Payment will be made in accordance with Condition 7 (Payments and Talons) of the bond terms and conditions. The notes were issued under a base prospectus approved on 14 June 2022 and final terms dated 25 November 2022.
Base prospectus approved by the Autorité des marchés financiers under no. 22-211.
Base prospectus supplement approved under no. 22-456.
Final terms for the notes completed.
Valeo published notice of its election to exercise the make-whole redemption option.
Make-whole redemption date; notes to be repaid and delisted from Euronext Paris.
EUR 102,436.71
Payable to bondholders on 24 August 2026.
2.6080%
Rate used to calculate the redemption amount.
0.50%
Margin added to the reference rate.
Previously from Valeo
Valeo announced on 7 August 2026 that it would redeem all of its €750 million 5.375% sustainability-linked bonds due May 2027, with the redemption set for 24 August 2026. The company had said in July that it would fund the early redemption with proceeds from a new €600 million bond issue.
- Valeo Exercises Make-Whole Redemption on €750M 5.375% Bonds Due 2027
- Valeo Exercises Make-Whole Redemption on €750M 5.375% Sustainability-Linked Bonds Due 2027
Background drawn from MotorClaw's earlier coverage of Valeo's official releases.
Why this matters
Investors holding Valeo's €750 million sustainability-linked bonds now know exactly what they will be paid and when. Each note will be repaid at €102,436.71 on 24 August 2026, and the bonds will be delisted from Euronext Paris. This completes the early redemption process Valeo began with its 7 August notice.
Terms in This Story
- Make-whole redemption
- An early redemption of a bond where the issuer pays a premium so bondholders receive the same present value of future cash flows they would have received if the bond were held to maturity.
- Sustainability-linked bond
- A bond whose financial or structural characteristics are tied to the issuer's achievement of specific sustainability or ESG targets.
- Euro Medium Term Note (EMTN) Programme
- A flexible framework under which a company can issue debt securities in various currencies and maturities over time.
- ISIN
- International Securities Identification Number, a 12-character code that uniquely identifies a security.
Summarised from the linked release; details can be imperfect — always verify against the original source.