Valeo bond issue managers exercise overallotment


PARIS, July 29 (Reuters) - French car parts maker Valeo said on Tuesday lead managers on its convertible bond offering had exercised a 15-percent overallotment option, increasing the amount of the issue to 462.9 million euros ($532.8 million).

Valeo had said on July 25 its bond offering to institutional investors was more than 10 times oversubscribed. Valeo initially planned to offer 350 million euros in bonds and raised that to 402.5 million euros before Tuesday's news further increased the issue's size.



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