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.

  • 30 Nov 2012

Price guidance of 135bp over mid-swaps was tightened to 130bp, where the issuer priced a €700m deal.

"It was good to see Vivendi issue more than €500m, because they’ve had some negative headlines in the past few months," said a banker away from the deal. "It’s very much a ...

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All Corporate Bonds

Rank Lead Manager Amount $m No of issues Share %
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1 JPMorgan 118,674.50 528 5.97%
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3 Citi 96,145.88 505 4.84%
4 Goldman Sachs 80,483.55 313 4.05%
5 Barclays 79,930.76 329 4.02%

Bookrunners of Euro Denominated Corporate IG Bonds

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1 BNP Paribas 26,531.99 119 8.90%
2 Deutsche Bank 21,930.45 80 7.36%
3 SG Corporate & Investment Banking 19,469.33 94 6.53%
4 HSBC 16,015.57 89 5.37%
5 UniCredit 15,925.26 74 5.34%

Bookrunners of European HY Bonds

Rank Lead Manager Amount €m No of issues Share %
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1 Goldman Sachs 5,404.19 42 7.80%
2 BNP Paribas 4,918.81 57 7.10%
3 Deutsche Bank 4,345.09 43 6.27%
4 JPMorgan 3,950.54 44 5.70%
5 Credit Suisse 3,757.05 40 5.42%

Bookrunners of Dollar Denominated HY Bonds

Rank Lead Manager Amount $m No of issues Share %
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1 JPMorgan 20,123.74 153 10.19%
2 Goldman Sachs 15,830.49 107 8.01%
3 Credit Suisse 13,512.61 96 6.84%
4 Bank of America Merrill Lynch 13,267.41 122 6.72%
5 Citi 13,132.03 109 6.65%

Bookrunners of European Corporate IG Bonds

Rank Lead Manager Amount $m No of issues Share %
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1 HSBC 28,248.54 116 6.18%
2 BNP Paribas 26,642.60 114 5.83%
3 Barclays 25,943.52 91 5.68%
4 JPMorgan 25,259.22 83 5.53%
5 Citi 24,204.97 95 5.30%