Bolloré to launch unsecured bond with Vivendi-sized loophole

By Karoliina Liimatainen
31 Oct 2019

The holding company of the Bolloré billionaire family is planning to issue an unspecified amount of unsecured notes. Their largest investment, a 26% stake in media giant Vivendi, will be excluded from some of the covenants designed to protect the investors.

Bolloré, which has no credit ratings and does not intend to get them, last issued a bond in 2017. Back then, its €500m issue of 2022 notes was priced at 2.00%.

The new notes are expected to be non-callable for only one year, according to the draft ...

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