Naspers said its wholly-owned subsidiary, Myriad International Holdings B.V. will be exploring the possibility of an international USD bond offering by meeting potential investors on a roadshow.
Naspers said proceeds from the offering if completed, are expected to be used for general corporate purposes and to repay MIH B.V.’s existing notes maturing in July 2017.
Naspers is the most valuable African company with USD100 billion in value. The company holds a major stake in Konga and Tencent of China where it holds 60% of the company.
Its other portfolio includes Avito, Brainly, Codecademy, Delivery Hero, eMAG, Flipkart, ibibo, iFood, letgo, Media24, Movile, MultiChoice, OLX, PayU, Showmax, SimilarWeb, Swiggy, Twiggle, Udemy and Mail.ru.
