Naspers to start roadshow for dollar-denominated 10-year bonds

By Colin Hanner

Chicago, June 22 – South Africa’s Naspers Ltd.’s wholly-owned subsidiary, Myriad International Holdings BV, is expected to offer Rule 144A/Regulation S dollar-denominated 10-year bonds following an investor roadshow, a market source said.

Meetings with investors will begin on June 26 in Los Angeles, continue on June 27 in San Francisco, New York and London and finish on June 28 in Boston and London.

Barclays, Citigroup and JPMorgan are joint global coordinators and bookrunners for the deal. BofA Merrill Lynch and BNP Paribas are also joint bookrunners for the deal.

Proceeds of the deal will be used to repay Myriad’s existing notes that mature in July 2017 as well as for general corporate purposes.

Naspers is a mass media company based in Cape Town.

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