Valeo launches 350 mln euro convertible bond

Newswire

PARIS, July 25 (Reuters) - French car parts maker Valeo said on Friday it was launching a 350 million convertible bond that would mature on January 11, 2011. The company said the coupon would be between 2.375 percent and 2.875 percent and would be priced at a premium of between 40 percent and 45 percent of the reference share price. The size of the bond could be raised to 463 million euros if its over-allocation option is fully exercised, the company said. The company said it was issuing ...

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