Valeo Exercises Make-Whole Redemption on €750M 5.375% Bonds Due 2027
Valeo has irrevocably elected to redeem all of its €750 million 5.375% sustainability-linked bonds due May 2027, with the redemption date set for 24 August 2026.
- €750,000,000
- 5.375%
- 24 August 2026
- €5,000,000,000
What Happened
Valeo SE has irrevocably elected to exercise its make-whole redemption option for all of its €750,000,000 5.375% Sustainability Linked Bonds due 28 May 2027. The make-whole redemption date is set to 24 August 2026. This notice is irrevocable.
Base prospectus approved by the French markets regulator (AMF).
Final terms issued for the €750 million bonds.
Valeo gives irrevocable notice to exercise the make-whole redemption.
Make-whole redemption amount and rate to be published.
Make-whole redemption date; notes to be redeemed and cancelled.
€750,000,000euros
5.375% Sustainability Linked Bonds due 28 May 2027.
- ISIN: FR001400EA16
- Series N°13, Tranche N°1
- Issued under the €5,000,000,000 Euro Medium Term Note Programme
The Make-whole Redemption Amount and rate will be published on or around 18 August 2026. Payment will be made in euros by the Paying Agent, BNP Paribas Securities Services (Pantin, France), to account holders for the benefit of noteholders on the redemption date. All redeemed notes will be cancelled, and an application for their delisting will be made to Euronext.
Previously from Valeo
Valeo had previously announced its plan to redeem these bonds early, using proceeds from a new €600 million bond issue. This notice provides the formal schedule and details for that redemption.
Background drawn from MotorClaw's earlier coverage of Valeo's official releases.
Why this matters
Valeo is redeeming its €750 million sustainability-linked bonds early. Investors holding these notes will receive the make-whole redemption amount on 24 August 2026, after which the bonds will be cancelled and delisted from Euronext. The move is part of Valeo's management of its debt under its euro medium-term note programme.
Terms in This Story
- Make-whole redemption
- A bond feature letting the issuer repay bonds before maturity by paying a premium that compensates bondholders for the missed future interest.
- Sustainability-linked bonds
- Bonds whose terms are tied to the issuer's achievement of agreed sustainability targets.
- Euro Medium Term Note Programme
- A framework that lets a company issue medium-term notes in euros over time, up to a set maximum amount.
- Noteholder
- An investor who owns a note or bond issued under a programme.
Summarised from the linked release; details can be imperfect — always verify against the original source.