Borrowers must tread carefully on pricing as bankers push back on Vivendi

France’s Vivendi has faced a revolt from some of its relationship banks over the pricing of a refinancing facility after launching the deal at 75bp.

  • 07 Dec 2011

“There has been a lot of pushback on Vivendi,” said a banker familiar with the deal. “A number of banks have gone back to them and asked them to rethink. The margin for a triple-B name should be around 90bp.

"The 35bp upfront fee also needs to be ...

Please take a trial or subscribe to access this content.

Contact Mark Goodes to discuss your access:

Corporate access

To discuss GlobalCapital access for your entire department or company please contact our subscriptions sales team at: or find out more online here.

GlobalCapital European securitization league table

Rank Lead Manager/Arranger Share % by Volume
1 Societe Generale 15.35
2 Rabobank 14.41
3 Morgan Stanley 11.73
4 Barclays 8.99
5 Credit Agricole 7.57

Bookrunners of Global Structured Finance

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 27 Feb 2017
1 Wells Fargo Securities 11,897.40 33 11.83%
2 Bank of America Merrill Lynch 9,837.56 29 9.78%
3 Citi 9,714.54 32 9.66%
4 JPMorgan 7,997.38 24 7.95%
5 Credit Suisse 6,335.67 14 6.30%