Prosus N.V. announces that on 7 July 2021, Prosus priced USD and EUR notes in an aggregate principal amount totalling US$4.0 billion equivalent under its Global Medium-Term Note Programme. These issuances consist of US$1.85 billion 3.061% notes due 2031, €1.0 billion 1.288% notes due 2029 and €850 million 1.985% notes due 2033 .

The current favourable market backdrop enabled Prosus to extend its debt maturity profile as part of a refinancing of its existing debt.

The purpose of the offerings is to raise proceeds for general corporate purposes, including debt refinancing, which may take the form of redemptions, repayments at maturity, tender offers, repurchases or other transactions.

It is expected that this financing will be ratings neutral for Prosus. Prosus remains committed to an Investment Grade credit rating, as management believes this to be important in providing the group with debt capital market access at attractive rates.

The offerings are expected to close on 13 July 2021, subject to customary closing conditions.

Application has been made to The Irish Stock Exchange plc trading as Euronext Dublin for the Bonds to be admitted to listing on the Official List and traded on the Global Exchange Market of Euronext Dublin.

Similar to Notcoin - Blum - Airdrops In 2024

origin »

245 +