FRANCE TELECOM has revived a delayed stock offering of up to $10.7bn equivalent in the most dramatic indication so far that the international equity new issue market will end the year far stronger than could have been hoped for just a month ago. Having postponed the France Télécom 2 sale in October because of poor market conditions, the French Trésor has since kept the market guessing over its intentions. But, as foreshadowed by Euroweek, it gave the go-ahead on Monday for a dual tranche deal.
November 13, 1998