{"id":42162,"date":"2013-07-17T12:32:09","date_gmt":"2013-07-17T10:32:09","guid":{"rendered":"http:\/\/businesstech.co.za\/news\/?p=42162"},"modified":"2013-07-17T12:33:40","modified_gmt":"2013-07-17T10:33:40","slug":"naspers-bond-offer-exceeds-demand","status":"publish","type":"post","link":"https:\/\/businesstech.co.za\/news\/internet\/42162\/naspers-bond-offer-exceeds-demand\/","title":{"rendered":"Naspers bond offer exceeds demand"},"content":{"rendered":"

JSE-listed media and internet firm, Naspers<\/a>\u00a0has announced that its bond offering, priced at US$750 million, has exceeded demand.<\/p>\n

As a result, the group says it has placed an additional\u00a0US$250 million in follow-on bonds, taking the offering to US$1 billion.<\/p>\n

Shares in Naspers hit a record high of R800 on the JSE on Tuesday (16 July), but slipped back to R790.05 by midday on Wednesday (17 July), giving the group a market cap of R328.52 billion.<\/p>\n

The group’s shares have gained 78% over the past year, adding R346.45 on the local bourse.<\/p>\n

Naspers 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

“As a consequence of increased demand to participate in the offering, MIH B.V. has
\nplaced a further US$250m 6% notes due 2020,” Naspers said in a statement on Wednesday (17 July)<\/p>\n

“The net proceeds will be used for general corporate purposes, including future acquisitions and\u00a0the repayment of certain amounts outstanding under the Naspers group’s revolving credit\u00a0facilities,” it added.<\/p>\n

An application will be made for the admission of the follow-on bonds to listing on the Official\u00a0List and trading on the Global Exchange Market of the Irish Stock Exchange.<\/p>\n

More on Naspers<\/h3>\n

Naspers raising $750m for acquisitions<\/strong><\/a><\/p>\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":"

JSE-listed media and internet firm Naspers has announced that its bond offering, priced at US$750 million, has exceeded demand.<\/p>\n","protected":false},"author":10,"featured_media":27686,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9882],"tags":[6316,26,107],"class_list":["post-42162","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-internet","tag-bond-offer","tag-headline","tag-naspers"],"_links":{"self":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/42162","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=42162"}],"version-history":[{"count":6,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/42162\/revisions"}],"predecessor-version":[{"id":42168,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/42162\/revisions\/42168"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media\/27686"}],"wp:attachment":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media?parent=42162"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/categories?post=42162"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/tags?post=42162"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}