Vivendi To Price Two-Part Four-Year, Seven-Year Bond

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

The EUR500 million four-year part is to price at 215 basis points over midswaps and the EUR500 million seven-year bond at 265 basis points over midswaps.

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., are the lead managers on the deal.

Vivendi is rated Baa2 by Moody's Investors Services Inc., and BBB by Standard and Poor's Corp.

-By Sarka Halas, Dow Jones Newswires, [phone];

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