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

Valeo SA (FR) 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 (ACA), Citigroup Inc, Mitsubishi UFJ Securities and Societe Generale SA are managing the deal.

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