Vivendi Places a €1.5 Billion Bond
May 19 2016 - 11:53AM
Business Wire
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Regulatory News:
Vivendi (Paris:VIV) today successfully placed a €1.5 billion
bond made up of two tranches with maturities of 5 and 10 years,
respectively.
The first tranche, for an amount of €1 billion with a coupon of
0.75%, was issued at a price of 99.396%, corresponding to a 0.874%
yield.
The second tranche, for an amount of €500 million with a coupon
of 1.875%, was issued at a price of 99.684%, corresponding to a
1.91% yield.
Benefiting from a particularly favorable market environment,
this operation, which was over-subscribed 3.5 times, is mainly
intended to refinance on very good terms a €500 million bond,
maturing on December 1, 2016, and a €750 million bond, due on March
31, 2017.
This bond allows Vivendi to extend the average maturity of its
bond debt from 1.7 year to 3.9 years.
The bond was placed among institutional investors.
About Vivendi
Vivendi is an integrated media and content group. The company
operates businesses throughout the media value chain, from talent
discovery to the creation, production and distribution of content.
The main subsidiaries of Vivendi comprise Canal+ Group and
Universal Music Group. Canal+ is the leading pay-TV operator in
France, and also serves markets in Africa, Poland and Vietnam.
Canal+ operations include Studiocanal, a leading European player in
production, sales and distribution of film and TV series. Universal
Music Group is the world leader in recorded music, music publishing
and merchandising, with more than 50 labels covering all genres. A
separate division, Vivendi Village, brings together Vivendi
Ticketing (ticketing in the UK, the U.S and France), MyBestPro
(experts counseling), Watchever (subscription video-on-demand),
Radionomy (digital radio), the Paris-based concert venue L’Olympia,
the future CanalOlympia venues in Africa and the Theatre de
l‘Oeuvre in Paris. With 3.5 billion videos viewed each month,
Dailymotion is one of the biggest video content aggregation and
distribution platforms in the world. www.vivendi.com,
www.cultureswithvivendi.com
Important disclaimer
Disclaimer Forward Looking Statements. This press release
contains forward-looking statements with respect to Vivendi`s
financial condition, results of operations, business, strategy and
plans. Although Vivendi believes that such forward-looking
statements are based on reasonable assumptions, such statements are
not guarantees of future performance. Actual results may differ
materially from the forward-looking statements as a result of a
number of risks and uncertainties, many of which are outside our
control, including but not limited to the risks described in the
documents Vivendi has filed with the Autorité des Marchés
Financiers (French securities regulator) and which are also
available in English on our web site (www.vivendi.com). Investors
and security holders may obtain a free copy of documents filed by
Vivendi with the Autorité des Marchés Financiers at
www.amf-france.org, or directly from Vivendi. The present
forward-looking statements are made as of the date of this press
release.
Unsponsored ADRs. Vivendi does not sponsor an American
Depositary Receipt (ADR) facility in respect of its shares. Any ADR
facility currently in existence is “unsponsored” and has no ties
whatsoever to Vivendi. Vivendi disclaims any liability in respect
of such facility.
The bond will be listed on the Euronext Paris market.
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