Vivendi to retrieve up to $2.7bn bonds after Activision sale

Vivendi, the French media and telecoms group, has launched a tender offer for three of its dollar bonds and plans to call the other one, using proceeds from its $8.2bn divestment of games publisher Activision Blizzard.

  • By Jon Hay
  • 18 Oct 2013

Vivendi no longer needs the dollar bonds as a hedge for the dollar revenues of Activision Blizzard.

Bank of America Merrill Lynch and Deutsche Bank are dealer managers for the tender offer, in which Vivendi hopes to buy back any and all of the three bonds, which total ...

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All Corporate Bonds

Rank Lead Manager Amount $m No of issues Share %
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1 Bank of America Merrill Lynch 84,129.70 379 5.88%
2 JPMorgan 83,088.77 403 5.80%
3 Citi 67,851.45 386 4.74%
4 Barclays 62,732.35 240 4.38%
5 Goldman Sachs 59,388.99 229 4.15%

Bookrunners of Euro Denominated Corporate IG Bonds

Rank Lead Manager Amount $m No of issues Share %
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1 BNP Paribas 18,987.74 82 9.19%
2 Deutsche Bank 16,651.33 61 8.06%
3 SG Corporate & Investment Banking 14,054.70 64 6.81%
4 UniCredit 11,756.26 51 5.69%
5 HSBC 11,205.29 61 5.43%

Bookrunners of European HY Bonds

Rank Lead Manager Amount €m No of issues Share %
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  • Today
1 BNP Paribas 3,863.89 45 7.26%
2 Goldman Sachs 3,593.75 29 6.75%
3 JPMorgan 3,391.91 36 6.37%
4 Deutsche Bank 3,241.44 30 6.09%
5 Credit Suisse 3,119.95 31 5.86%

Bookrunners of Dollar Denominated HY Bonds

Rank Lead Manager Amount $m No of issues Share %
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  • Today
1 JPMorgan 15,833.26 127 9.86%
2 Citi 11,539.69 98 7.19%
3 Goldman Sachs 11,025.83 85 6.87%
4 Bank of America Merrill Lynch 10,994.65 101 6.85%
5 Barclays 10,908.60 83 6.79%

Bookrunners of European Corporate IG Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 HSBC 20,417.95 85 6.43%
2 BNP Paribas 19,882.59 80 6.27%
3 Barclays 18,647.73 58 5.88%
4 Deutsche Bank 17,562.97 71 5.53%
5 Citi 17,493.26 69 5.51%