Zut alors! C’est un deal pour Vivendi...

30 Nov 2012

Vivendi is clearly feeling confident. The French telecoms and media company has a new CEO since August. It has managed to damp down – for now – investor expectations of a break-up of its varied assets. And last week it issued a €700m seven year bond at just 130bp over mid-swaps – little more than half the spread it paid on its deal in January.

But how do we know Vivendi is pleased with life? Its treasury team, led by Dominique Gibert and Catherine Zamparini, last week held all the syndicate calls for its new bond in French. That is not the action of a company holding out a quivering hand for alms.

As both Gibert and ...

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