Darrois Villey Maillot Brochier advises Valeo on its €850 million new green bond issuance

Paris, 17 April 2024

Darrois Villey Maillot Brochier has advised its client Valeo S.E on its new green bond issuance for a total amount of €850 million, with a 6-year maturity and a 4.50% coupon.

The green bonds, which are admitted to trading on the regulated market of Euronext Paris, have been issued in accordance with Valeo’s new Green and Sustainability-Linked Financing Framework established in September 2023.

The net proceeds of the issue will be used to finance and/or refinance one or more Green Eligible Projects pursuant to Valeo’s Green and Sustainability-Linked Financing Framework.

The Darrois Villey Maillot Brochier team was composed of Laurent Gautier (partner), Isabelle Touré-Farah (counsel) and Charles Seveyras in capital markets. Loïc Védie (partner) advised on tax aspects.

The bank syndicate, composed of BNP Paribas, Citigroup, Crédit Agricole CIB, Mizuho and Natixis, was advised by Clifford Chance.