Valeo is remaining tight-lipped surrounding its surprise announcement it has placed EUR500m (US$530m) of new bonds with maturity in 2023.
The supplier – currently showcasing a raft of technologies at CES in Las Vegas – has been on the acquisitive trail of late with interests in 50% of Cloudmade and approval from Japan’s Competition Authority (Japan Fair Trade Commission) to take the control of Ichikoh but it is as-yet unclear if the EUR500m has been triggered by the burst of current activity or future plans.
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“We have no information about that at all,” a Valeo spokeswoman told just-auto from Paris.
At the giant Las Vegas show, Valeo is exhibiting for the fourth year, where it will debut five innovations including:
. Valeo eCruise4U. On board the demonstration vehicle, attendees can experience automated driving in electric mode.
. Valeo XtraVue, a set of connected computer-vision cameras, which show drivers what is happening on the road, even outside their line of sight.
. Valeo 360AEB Nearshield, a new autonomous emergency braking system which eliminates blind spots, alerts drivers to any potential obstacles and brings the vehicle to an automatic halt to prevent impact if necessary.
. Valeo C-Stream, the new Valeo dome module replacing the central rear-view mirror and maps out the vehicle’s cabin. It can determine the number of people travelling in the car and ensure drivers are alert.
. Valeo Cockpit the Experience of Travelling. The technology demonstrator is a solution combining products designed to shape the sensory experience associated with new ways of using cars.
Valeo’s bond issue enabled the placement in favourable conditions of EUR500 worth of bonds with six-year maturity and a coupon of 0.625%.
BNP Paribas, CITI, CM-CIC, Natixis and Mizuho were joint leader managers on the transaction.
