We have updated our Terms of Use.
Please read our new Privacy Statement before continuing.

Junk bonds to the rescue

2 Jul 2003

Back in November, the conglomerate bought a big chunk of telecoms firm Cegetel. But all the cash flow benefit flowed to its banks. Now that Vivendi is refinancing the deal Cegetel’s dividends will actually do it some good. It has neatly exploited the bond market boom.

This content is for Subscribers only


Email a friend

Please complete the form below.

Required fields *


(Separate multiple email addresses with commas)