Valeo seeks seven year, high yield pipeline healthy
Car parts maker Valeo is issuing a seven year senior unsecured Eurobond on Wednesday, six weeks after the deal was postponed following the Japanese earthquake. The order book for the Eu500m deal, which is priced at 165bp over mid-swaps, grew to around Eu4.5bn. BNP Paribas, HSBC, Natixis and Société Générale are active bookrunners on the deal.
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