Prosus talks notes due 2051 at Treasuries plus mid-200 bps area

By Cristal Cody

Tupelo, Miss., Dec. 1 – Prosus NV is offering dollar-denominated senior notes due Feb. 8, 2051 (Baa3/BBB-) in the primary market on Tuesday, according to an informed source.

Initial price talk is in the Treasuries plus mid-200 basis points area.

Citigroup Global Markets Inc. and Deutsche Bank Securities Inc. are the active bookrunners. ING Financial Markets LLC is passive.

Amsterdam-based Prosus is the international internet assets division of Cape Town, South Africa-based Naspers Ltd.

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