By Cristal Cody
Tupelo, Miss., Dec. 1 – Prosus NV sold $1.5 billion of 3.832% senior notes due Feb. 8, 2051 (Baa3/BBB-) on Tuesday at a spread of 215 basis points over Treasuries, according to an informed source.
The notes priced on the tight side of guidance in the Treasuries plus 220 bps area, plus or minus 5 bps.
Initial price talk was in the Treasuries plus mid-200 bps area.
Citigroup Global Markets Inc. and Deutsche Bank Securities Inc. were the active bookrunners. ING Financial Markets LLC was passive.
Amsterdam-based Prosus is the international internet assets division of Cape Town, South Africa-based Naspers Ltd.
| Issuer: | Prosus NV
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| Amount: | $1.5 billion
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| Maturity: | Feb. 8, 2051
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| Description: | Senior notes
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| Bookrunners: | Citigroup Global Markets Inc. and Deutsche Bank Securities Inc. (active) and ING Financial Markets LLC (passive)
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| Coupon: | 3.832%
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| Spread: | Treasuries plus 215 bps
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| Trade date: | Dec. 1
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| Ratings: | Moody’s: Baa3
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| S&P: BBB-
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| Distribution: | Rule 144A and Regulation S
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| Price guidance: | Treasuries plus 220 bps area, plus or minus 5 bps; initial talk at Treasuries plus mid-200 bps area
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