08 July 2021 - 15:30Technology investor Prosus, has issued $4bn worth of new eight-year and 12-year bonds, to refinance existing debt.
Prosus said the purpose of the new issues 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”.$8bn, earmarked for buying up companies and reinvesting in operations in food delivery, classified, fintech and education.
This week’s bond issue consists of $1.85bn notes, at 3.061% due in 2031, as well as €1bn notes, at 1.288% due in 2029, and €850m 1.985% notes due in 2033.
Source: Loan Digest (loandigest.net)
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