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, 2022, the average maturity of Valeo’s debt was 3 years.
| Type | Final terms at | Maturity | Outstanding amount | Coupon | Prospectus and supplements |
| EMTN | 01/09/2017 | January 2023 | €500m | 0.625% | 2016 & n°1, n°2, n°3, n°4, n°5 |
| EMTN | 01/15/2014 | January 2024 | €700m | 3.25% | 2013 & n°1 |
| 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 |
| EIB loan | na | Repayment from 2024 until June 2029 | €300m | 0.885% | na |
| EIB loan | na | Repayment from 2025 until February 2030 | €300m | 1.083% | na |
EMTN Program (bonds):
- 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 dated as of 14 May 2020
- Base prospectus dated as of 15 April 2019
- 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 2016 dated 3 May 2016
- Prospectus Supplement n°1 dated 21 September 2016 to the Base Prospectus dated 3 May 2016
- Prospectus Supplement n°2 dated 26 October 2016 to the Base Prospectus dated 3 May 2016
- Prospectus Supplement n°3 dated 8 November 2016 to the Base Prospectus dated 3 May 2016
- Prospectus Supplement n°4 dated 23 November 2016 to the Base Prospectus dated 3 May 2016
- Prospectus Supplement n°5 dated 2 December 2016 to the Base Prospectus dated 3 May 2016
- 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
DETAIL OF SHORT-TERM FINANCING
BANK CREDIT LINES
Valeo has access to liquidity through confirmed bank credit lines with a weighted average maturity of 3.7 years as of December 31st, 2022, representing an aggregate amount of 1.8 billion euros.
Valeo also negotiated bridge-to-bond credit facilities with a weighted average maturity of 0.5 year as of December 31st, 2022, representing an aggregate amount of 650 million 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 July 31, 2020, Standard & Poor’s has downgraded its long-term and short-term corporate credit ratings for Valeo from “BBB-/A-3” to “BB+/B”, outlook stable.
MOODY’S
On October 12, 2022, Moody’s affirmed its “Baa3/P3” long-term and short-term ratings on Valeo, changing its outlook on the ratings from “stable” to “negative”.
Stock market
Contact Individual shareholders
valeo.actionnairesindividuels.mailbox@valeo.com
Calling from abroad: +33 (0) 1 40 55 20 39