Naspers: Myriad Plans Bond Offering to Repay Existing Notes
June 22 2017 - 4:40AM
Dow Jones News
By Razak Musah Baba
LONDON--South African media giant Naspers Ltd. (NPN.JO) said
Thursday its subsidiary Myriad International Holdings B.V. (MIH
B.V.), is exploring the possibility of an international U.S. dollar
bond offering by meeting potential investors on a roadshow.
Proceeds from the offering, if completed, are expected to be
used for general corporate purposes and to repay MIH B.V.'s
existing notes maturing in July, Naspers said.
-Write to Razak Musah Baba at razak.baba@wsj.com; Twitter:
@Raztweet
(END) Dow Jones Newswires
June 22, 2017 04:25 ET (08:25 GMT)
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