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

At June 30, 2021, the average maturity of Valeo’s debt was 3.2 years

Type Final terms at Maturity Outstanding amount Coupon Prospectus and supplements
EMTN 09/08/2017 Sept. 2022 €600m 0.375% 2017 & n°1
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 (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

 

EMTN Program (bonds):

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 1.9 years as of June 30, 2021, representing an aggregate amount of 2.3 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.

RATING AND COVERAGE

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 June 11, 2020, Moody’s confirmed its « Baa3/P3 » long-term and short-term ratings on Valeo, changing to “negative” its outlook on the ratings.

Stock market

Paris | Aug 5, 2021 at 10:06 (GMT +1)

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