VIVHY Vivendi SE (PK)

French media company, Vivendi S.A. (VIV.FR) has priced its two-part senior unsecured bond, one of the banks running the deal said Tuesday.

The four-year bond is within initial guidance which was set at 210 basis points to 220 basis points over midswaps. The seven-year part has priced wider than initial price guidance which was set at 250 basis points to 260 basis points over midswaps.

BNP Paribas S.A., Deutsche Bank AG, Bank of Tokyo Mitsubishi, Lloyds Banking Group PLC, and Banco Santander S.A., were the lead managers on the deal.

The terms of the four-year transaction are as follows:

 
Amount:           EUR500 million 
Maturity:         November 30, 2015 
Coupon:           3.875% 
Reoffer Price:    99.673 
Payment Date:     November 30, 2011 
Spread:           215 basis points over midswaps 
Debt Ratings:     Baa2(Moody's) 
                  BBB (Standard & Poor's) 
Denominations:    EUR100,000 
Listing:          France, Luxembourg 
 

The terms of the seven-year transaction are as follows:

 
Amount:           EUR500 million 
Maturity:         November 30, 2018 
Coupon:           4.875% 
Reoffer Price:    99.536 
Payment Date:     November 30, 2011 
Spread:           265 basis points over midswaps 
Denominations:    EUR100,000 
Listing:          France, Luxembourg 
 

-By Sarka Halas, Dow Jones Newswires, +44 (0) 207 842 9236;

Sarka.Halasova@dowjones.com

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