South Africa's Naspers sets talk at 6½% for benchmark notes due 2017

By Christine Van Dusen

Atlanta, July 21 - South Africa's Naspers Ltd. set price talk at 6½% for its planned benchmark-sized offering of senior unsecured notes due 2017 (Baa3), a market source said Friday.

Citigroup, Barclays Capital and JPMorgan are the bookrunners for the Rule 144A and Regulation S deal.

Proceeds will be used for general corporate purposes and to repay borrowings under the company's revolving credit facility.

Naspers is a media company and pay-television provider in Sub-Saharan Africa and is based in Cape Town, South Africa.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.