Naspers, Africa’s most valuable publicly-traded company said it has successfully priced the USD1 billion bond for its indirect wholly owned subsidiary, Myriad International Holdings, MIH B.V.
Naspers said the bond was priced at 4.85% notes due 2027. The Bonds will be fully and unconditionally guaranteed by Naspers.
The company said it has made an application for the admission of the Bonds to listing on the Official List and trading on the Global Exchange Market of the Irish Stock Exchange. The net proceeds will be used for general corporate purposes, including acquisitions, and to repay MIH B.V.´s existing notes maturing in July 2017.
Naspers owns a majority stake in major eCommerce companies and media startups across Africa and Europe.