Naspers subsidiary explores bond offer
Listed media and Internet firm Naspers says that its wholly-owned subsidiary, Myriad International Holdings BV, is exploring the possibility of a bond offering.
The dutch firm is meeting with investors on a roadshow.
Proceeds from the offering, if completed, are expected to be used for general corporate purposes, including future acquisitions and the repayment of existing credit facilities, Naspers said in a statement on Tuesday (2 July).
The Notes will be offered in a private placement only to qualified institutional buyers pursuant to Rule 144A and to non-US persons outside the United States pursuant to Regulation S under the US Securities Act of 1933, as amended, subject to prevailing market and other conditions, the group said.
“There is no assurance that the offering will be completed or, if completed, as to the terms on which it is completed,” Naspers stressed.
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