To finance some of the upcoming purchase price for the takeover of FTE automotive, the company has issued a $450m convertible bond. The details can be found below. Valeo’s press release: Paris, 9 June 2016, Valeo announces today the launch of an offering of nondilutive cash-settled convertible bonds due 2021 (the “Bonds”) with a nominal amount of USD450m. As conversion rights in respect of the Bonds will only be cash-settled, the instrument will not result in the issuance of
09 Jun 2016
Non-dilutive cash-settled convertible bond issue
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Non-dilutive cash-settled convertible bond issue
To finance some of the upcoming purchase price for the takeover of FTE automotive, the company has issued a $450m convertible bond. The details can be found below. Valeo’s press release: Paris, 9 June 2016, Valeo announces today the launch of an offering of nondilutive cash-settled convertible bonds due 2021 (the “Bonds”) with a nominal amount of USD450m. As conversion rights in respect of the Bonds will only be cash-settled, the instrument will not result in the issuance of