Valeo SE (FRFP)

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C/P	Industry	Status	Ticker(s)	Issuer(s)	Size(m)		Tranches	Region	Date
IGC	COND	PRCD	FRFP	Valeo SE	€750		1	EMEA	Nov 22, 2022

Tranche #1Valeo SE

currency

EUR

size (m)

750.000

maturity

May 28, 2027

type

Fixed

tenor

4.500

call

registration

Reg S Only

benchmark

Swaps

ranking

Sr. Unsecured

moody's

Baa3

s&p

BB+

fitch

size description

re-open/tap

ipt

MS+320 a

ipt-pxd

guidance

MS+290 a

spread

280

coupon

5.375%

spread set

price

99.48300

yield

5.517%

book size (m)

3,000

peak book (m)

x-covered

book attrition

nic

billing & delivering

active leads

joint leads

passive leads

co-managers

coordinating managers

book size (m)

3,000

peak book (m)

x-covered

book attrition

nic

billing & delivering

active leads

joint leads

passive leads

co-managers

coordinating managers

Tranche Comments

4.5 yr: Book size: 3000; Registration: Reg S Only; Comments: EUR750m (upsized from EUR500m) 4.5yr bmk snr unsec SLB RegS. Baa3/BB+/ISS ESG 2PO. GloCos Miz(B&D)/Natx, JBs CA-CIB/CIC/Citi/MUFG. IPTs MS+320 area, guidance MS+290 area for exp 500m-max 750m, launch MS+280 for 750m. Final books C. 3bn. OBL 0% Apr27 # 185 (91.759) HR 98%, B+ 353.9. FTT:4:15pm. Par Call: 3m. Cleanup Call: 80%. MWC: B+50bps. CoC: put;

Deal Comments

Active Bookrunners: MIZ,(B&D), NAT, CAG, CRC, CTI, MUF. Passive Bookrunners: BNP

Use of Proceeds

General Corporate Purposes

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