Bouygues to sell bond

6 Nov 2003

Bouygues, the parent of French telco Bouygues Telecom, is set to sell a bond worth between EUR500 million and EUR750 million this week. It is thought that the bond, which will mature in February 2011, is to be used to help fund the group’s purchase of an additional 10.1% stake in Bouygues Telecom from E.ON for EUR610 million, taking its holding to 83%.