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Prosus NV (0A28)

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Wednesday 15 January, 2020

Prosus NV

Bond offering by Prosus N.V.

RNS Number : 8505Z
Prosus NV
15 January 2020
 

PROSUS N.V.

(formerly named Myriad International Holdings N.V)

Incorporated in the Netherlands

Legal Entity Identifier: 635400Z5LQ5F9OLVT688

ISIN: NL0013654783

Euronext Amsterdam and JSE Share code: PRX

("Prosus")

 

 

BOND OFFERING BY PROSUS N.V.

 

Shareholders are advised that Prosus, on 14 January 2020, successfully priced US$1.25 billion 3.680% notes due 2030 (the "Bonds") issued under its Global Medium-Term Note Program.

The purpose of this offering was to raise proceeds to redeem the U.S.$1.0 billion 6.000% notes due in July 2020 (the "2020 Bonds"). Demand for the Bonds was five times the originally contemplated US$1.0 billion at attractive pricing terms, which is why Prosus has chosen to increase the size of the issuance.

An application has been made to Euronext Dublin to admit the Bonds to listing on the Official List of Euronext Dublin and trading on the regulated market thereof.

The net proceeds of the offering of the Bonds will be used by Prosus for the redemption of the 2020 Bonds and otherwise for general corporate purposes. Prosus is considering various options for the redemption of the 2020 Bonds, including exercising the "make-whole" call option.

 

Enquiries:

Investor

+1 347 210 4305

Eoin Ryan, Head of Investor Relations




Media

+31 6 297 21038

Sarah Ryan, International Media Relations


 

JSE sponsor (South Africa): Investec Bank Limited

 

 

Amsterdam, the Netherlands

15 January 2020

 


This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [email protected] or visit www.rns.com.
 
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