By Rebecca Melvin
Concord, N.H., July 8 – Prosus NV priced $4 billion equivalent of dollar- and euro-denominated notes under its global medium-term note program, according to a company release on Thursday.
The three tranches included $1.85 billion of 3.061% notes due 2031, €1.0 billion 1.288% notes due 2029 and €850 million 1.985% notes due 2033.
The purpose of the offerings is to raise proceeds for general corporate purposes, including debt refinancing, which may take the form of redemptions, repayments at maturity, tender offers, repurchases or other transactions.
The current favorable market backdrop enabled Prosus to extend its debt maturity profile as part of a refinancing of its existing debt, the company said in its release.
The offerings are expected to close on July 13, subject to customary closing conditions.
Application has been made to list the bonds on the Global Exchange Market of Euronext Dublin.
Amsterdam-based Prosus is the international internet assets division of Cape Town, South Africa-based Naspers Ltd.
| Issuer: | Prosus NV
|
| Issue: | Notes
|
| Amount: | $4 billion equivalent
|
| Pricing date; | July 8
|
| Settlement: | July 13
|
|
|
| 2031 notes
|
| Amount: | $1.85 billion
|
| Maturity: | 10 years
|
| Coupon: | 3.061%
|
|
|
| 2029 notes
|
| Amount: | €1 billion
|
| Maturity: | Eight years
|
| Coupon: | 1.288%
|
|
|
| 2033 notes
|
| Amount: | €850 million
|
| Maturity: | 12 years
|
| Coupon: | 1.985%
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.
