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Vivendi raises 1.4 bln dlrs via bond issue
0 Comments | AFP, April, 2008
PARIS (AFP) — French media and telecommunications group Vivendi said on Wednesday it had raised 1.4 billion dollars (900 million euros) via an issue of five- and 10-year bonds.
It said the bonds were sold to qualified institutional buyers, with proceeds to be used to finance its planned acquisitions of Activision Inc. and Neuf Cegetel.
The company said it wanted to rebalance its debt structure between bank and bond obligations and to lengthen its average maturity.
© 2008 AFP
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