{"id":41913,"date":"2013-07-12T15:19:35","date_gmt":"2013-07-12T13:19:35","guid":{"rendered":"http:\/\/businesstech.co.za\/news\/?p=41913"},"modified":"2013-07-15T09:14:15","modified_gmt":"2013-07-15T07:14:15","slug":"naspers-raising-750m-for-acquisitions","status":"publish","type":"post","link":"https:\/\/businesstech.co.za\/news\/trending\/41913\/naspers-raising-750m-for-acquisitions\/","title":{"rendered":"Naspers raising $750m for acquisitions"},"content":{"rendered":"

JSE-listed media and internet firm Naspers<\/a> has announced a bond offering priced at US$750 million, with the proceeds to be used to pay for future acquisitions, among other things.<\/p>\n

The group advised on Friday (12 July) that its indirect wholly owned subsidiary, MIH on 11 July\u00a02013, successfully priced its US$750 million 6% notes due 2020.<\/p>\n

The Bonds will be fully and unconditionally guaranteed by Naspers.<\/p>\n

“The net proceeds will be used for general corporate purposes, including future acquisitions and the repayment of certain amounts outstanding under the Naspers group’s revolving credit facilities,” Naspers said.<\/p>\n

Earlier this week, Indian e-commerce site Flipkart.com<\/a> is reported to have raised $200 million from four of its existing investors, Naspers.<\/p>\n

Naspers announced in its provisional report for the year ended March 2013, that in August 2012 it acquired a 10% interest in Flipkart for R858 million in cash.<\/p>\n

Last month Naspers reported a 27% rise in consolidated revenues, to R50.2 billion for the year ended March 2013.<\/p>\n

More on Naspers<\/h3>\n

Naspers takes bigger bite into India<\/strong><\/a><\/p>\n

Naspers targets mobile<\/strong><\/a><\/p>\n

Naspers reveals DStv BoxOffice figures<\/strong><\/a><\/p>\n

Naspers revenue tops R50 billion<\/strong><\/a><\/p>\n

Naspers has upside potential: analysts<\/strong><\/a><\/p>\n

Naspers to buy India\u2019s RedBus for R1.4bn: report<\/strong><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Naspers has announced a bond offering priced at US$750 million, with the proceeds to be used to pay for future acquisitions.<\/p>\n","protected":false},"author":10,"featured_media":40654,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[6285,26,107],"class_list":["post-41913","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-trending","tag-flipkart-com","tag-headline","tag-naspers"],"_links":{"self":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/41913","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/users\/10"}],"replies":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/comments?post=41913"}],"version-history":[{"count":6,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/41913\/revisions"}],"predecessor-version":[{"id":41969,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/41913\/revisions\/41969"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media\/40654"}],"wp:attachment":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media?parent=41913"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/categories?post=41913"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/tags?post=41913"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}