Bond Investors
The Group aims to maintain broad access to liquidity to meet its commitments and investment needs. The quality of debt management is recognized by the rating agencies Standard & Poor's and Moody's.
DEBT MATURITY PROFILE
“As of December, 31st 2023, the average maturity of Valeo’s debt was 3 years”.
| Type | Final terms at | Maturity | Outstanding amount | Coupon | Prospectus and supplements |
| EMTN | 06/14/2018 | June 2025 | €600m | 1.50% | 2017 & n°1, n°2 |
| EMTN | 03/16/2016 | March 2026 | €600m | 1.625% | 2015 & n°1 |
| EMTN | 11/25/2022 | May 2027 | €750m | 5.375% | 2022 & n°1 |
| EMTN (SLB) | 07/30/2021 | August 2028 | €700m | 1.00% | 2021 & n°1 |
| EMTN (Green Bond) | 10/10/2023 | April 2029 | €600m | 5.875% | 2023 & n°1 |
| EMTN (Green Bond) | 04/11/2024 | April 2024 | €850m | 4.50% | 2023 & n°1, n°2 |
EMTN Program (bonds):
- Second Supplement dated 3 April 2024 to the Base Prospectus dated 15 June 2023
- First Supplement dated 2 October 2023 to the Base Prospectus dated 15 June 2023
- Base prospectus dated as of 15 june 2023
- First Supplement dated 21 November 2022 to the Base Prospectus dated 14 June 2022
- Base prospectus dated as of 14 June 2022
- Prospectus Supplement n°1 dated 23 July 2021
- Base prospectus dated as of 14 June 2021
- Base prospectus EMTN program 2017 dated July 5 2017
- Prospectus Supplement n°1 dated 4 September 2017 to the base Prospectus dated 5 July 2017
- Prospectus Supplement n°2 dated 29 May 2018 to the base Prospectus dated 5 July 2017
- Base prospectus EMTN program 2015 dated 7 May 2015
- Prospectus Supplement n°1 dated 9 March 2016 to the Base Prospectus dated 7 May 2015
- Base prospectus EMTN program 2013 dated 23 April 2013
- Supplement N°1 dated January 2014 to the Base Prospectus dated 23 April 2013
Green and Sustainable Financing
September 2023
July 2021
DETAIL OF SHORT-TERM FINANCING
BANK CREDIT LINES
Valeo has access to liquidity through confirmed bank credit lines with a weighted average maturity of 2.8 years as of June 30th, 2023, representing an aggregate amount of 1.7 billion euros”
COMMERCIAL PAPER
Valeo has access to liquidity through a short-term commercial paper financing program for a maximum amount of 2.5 billion euros.
CREDIT RATING
STANDARD & POOR’S
On April, 3rd, 2024, Standard & Poor’s affirmed its “BB+” long-term rating on Valeo, changing its outlook from “stable” to “negative”.
MOODY’S
On March 22, 2024, Moody’s affirmed the “Baa3” senior unsecured rating, the (P)Baa3 rating on the group’s senior unsecured Medium-Term Note Program, and the Prime-3 (P-3) short term rating on its commercial paper program.
Stock market
Contact Individual shareholders
valeo.actionnairesindividuels.mailbox@valeo.com
Calling from abroad: +33 (0) 1 40 55 20 39
