Vivendi takes €700m pre-funding after break-up talk ebbs

Vivendi returned to the bond market on Tuesday for the first time since April to raise €700m, reaping the benefit of the continued rally in European credit. The French telecoms and media group rated Baa2 (stable)/BBB (negative) employed Mizuho, Natixis, Royal Bank of Scotland and Société Générale to launch a benchmark 7.1 year (January 2020) bond.

  • 30 Nov 2012

Price guidance of 135bp over mid-swaps was tightened to 130bp, where the issuer priced a €700m deal.

"It was good to see Vivendi issue more than €500m, because they’ve had some negative headlines in the past few months," said a banker away from the deal. "It’s very much a ...

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All Corporate Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 16 Jan 2017
1 JPMorgan 6,606.50 25 7.67%
2 Citi 6,511.98 28 7.56%
3 Bank of America Merrill Lynch 4,899.82 22 5.69%
4 Barclays 4,571.59 20 5.31%
5 Mizuho 4,473.33 18 5.19%

Bookrunners of Euro Denominated Corporate IG Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 17 Jan 2017
1 Citi 1,513.82 9 9.16%
2 BNP Paribas 1,388.55 9 8.40%
3 UniCredit 1,013.92 7 6.14%
4 Barclays 992.86 6 6.01%
5 SG Corporate & Investment Banking 943.52 7 5.71%

Bookrunners of European HY Bonds

Rank Lead Manager Amount €m No of issues Share %
  • Last updated
  • 17 Jan 2017
1 NatWest Markets 216.56 3 8.11%
2 BNP Paribas 201.55 3 7.54%
3 HSBC 199.05 3 7.45%
3 Credit Suisse 199.05 3 7.45%
5 UniCredit 155.26 2 5.81%

Bookrunners of Dollar Denominated HY Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 10 Jan 2017
1 JPMorgan 297.36 3 36.61%
2 RBC Capital Markets 85.86 2 10.57%
3 Wells Fargo Securities 85.71 1 10.55%
3 Mizuho 85.71 1 10.55%
3 Goldman Sachs 85.71 1 10.55%

Bookrunners of European Corporate IG Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 17 Jan 2017
1 Citi 2,087.29 10 8.43%
2 Mizuho 1,656.00 6 6.69%
3 BNP Paribas 1,583.41 10 6.40%
4 JPMorgan 1,130.71 4 4.57%
5 Commerzbank Group 1,090.75 4 4.41%