Published: July 17, 2013
South African media company raises another US$250mn to US$750mn bond from earlier in the month.
Naspers, a South African media company, has followed up a US$750mn bond issuance from earlier in July by tapping investors for a further US$250mn under the same programme.
In a statement issued on the London Stock Exchange, the company said it had decided to raise the value of the issuance due to “increased demand” from investors.
The bond has a yield of 6%. Proceeds will be used to repay debt and fund acquisitions.