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 45,590.25 204 6.47%
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3 Citi 34,103.62 199 4.84%
4 Goldman Sachs 33,833.68 121 4.80%
5 Barclays 32,581.37 126 4.62%

Bookrunners of Euro Denominated Corporate IG Bonds

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1 BNP Paribas 10,750.18 47 9.65%
2 Goldman Sachs 8,556.64 17 7.68%
3 SG Corporate & Investment Banking 8,358.42 35 7.50%
4 UniCredit 7,055.47 28 6.34%
5 HSBC 6,903.62 39 6.20%

Bookrunners of European HY Bonds

Rank Lead Manager Amount €m No of issues Share %
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1 JPMorgan 2,290.48 23 8.55%
2 BNP Paribas 2,008.60 22 7.50%
3 Goldman Sachs 1,760.56 17 6.57%
4 Morgan Stanley 1,647.46 11 6.15%
5 Credit Suisse 1,569.64 15 5.86%

Bookrunners of Dollar Denominated HY Bonds

Rank Lead Manager Amount $m No of issues Share %
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1 JPMorgan 9,299.77 72 9.73%
2 Citi 6,785.07 56 7.10%
3 Bank of America Merrill Lynch 6,757.41 63 7.07%
4 Barclays 6,374.90 47 6.67%
5 Credit Suisse 6,011.71 44 6.29%

Bookrunners of European Corporate IG Bonds

Rank Lead Manager Amount $m No of issues Share %
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1 BNP Paribas 9,718.26 43 6.26%
2 Citi 9,615.13 40 6.19%
3 JPMorgan 9,533.28 34 6.14%
4 Goldman Sachs 8,943.16 20 5.76%
5 Deutsche Bank 8,857.89 36 5.71%