Valeo prices and increases convertible bond

Newswire

LONDON, July 25 (Reuters) - French car-part maker Valeo has priced and increased the size of its convertible bond by 52.5 million euros to 402.5 million euros ($462.4 million), sources familiar with the transaction said on Friday. The bond will pay a coupon of 2.375 percent, has a conversion premium of 44 percent and conversion price of 46.4 euros, the sources said. The bond can be increased to approximately 463 million euros if an over-allotment option is exercised. BNP Paribas and ...

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