Vivendi Prices Two-Part, Four-Year, Seven-Year Bond
November 22 2011 - 11:30AM
Dow Jones News
French media company, Vivendi S.A. (VIV.FR) has priced its
two-part senior unsecured bond, one of the banks running the deal
said Tuesday.
The four-year bond is within initial guidance which was set at
210 basis points to 220 basis points over midswaps. The seven-year
part has priced wider than initial price guidance which was set at
250 basis points to 260 basis points over midswaps.
BNP Paribas S.A., Deutsche Bank AG, Bank of Tokyo Mitsubishi,
Lloyds Banking Group PLC, and Banco Santander S.A., were the lead
managers on the deal.
The terms of the four-year transaction are as follows:
Amount: EUR500 million
Maturity: November 30, 2015
Coupon: 3.875%
Reoffer Price: 99.673
Payment Date: November 30, 2011
Spread: 215 basis points over midswaps
Debt Ratings: Baa2(Moody's)
BBB (Standard & Poor's)
Denominations: EUR100,000
Listing: France, Luxembourg
The terms of the seven-year transaction are as follows:
Amount: EUR500 million
Maturity: November 30, 2018
Coupon: 4.875%
Reoffer Price: 99.536
Payment Date: November 30, 2011
Spread: 265 basis points over midswaps
Denominations: EUR100,000
Listing: France, Luxembourg
-By Sarka Halas, Dow Jones Newswires, +44 (0) 207 842 9236;
Sarka.Halasova@dowjones.com
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