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Corporate Bonds

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.

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