Bloomberg News

Valeo Said to Sell 500 Million Euros of Five-Year Bonds

January 09, 2012

Jan. 9 (Bloomberg) -- Valeo SA is selling 500 million euros of five-year bonds, according to a banker involved in the transaction.

The securities may be priced to yield about 6 percent, or 425 basis points more than the benchmark mid-swap rate, the banker said. BNP Paribas SA, Credit Agricole SA, Citigroup Inc, Mitsubishi UFJ Securities and Societe Generale SA are managing the deal.

To contact the editor responsible for this story: Ben Martin at bmartin38@bloomberg.net


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