Vivendi places €700 million bond

Vivendi has placed a €700 million bond to refinance existing debt due in 2013.

The bond carries a maturity of seven years and one month and a 2.5% coupon.  The proceeds will be used to refinance a bond with a 4.5% coupon initially issued for a seven-year period, due in October 2013. According to Vivendi, it also maintains the company’s average debt maturity profile of above years as of December 31 2012.