Prosus issues R80bn worth of bonds

Prosus has issued R80bn worth of new bonds, money that the technology group hopes to use for investment and acquisitions, as its credit ratings have improved with international agencies in line with the group’s growth.

The subsidiary of SA’s largest publicly traded company, Naspers, said on Thursday it had issued US dollar- and euro-denominated bonds as part of its continuing debt-financing programme, equivalent to $5.25bn ...A subscription helps you enjoy the best of our business content every day along with benefits such as articles from our international business news partners; ProfileData financial data; and digital access to the Sunday Times and Sunday Times Daily.

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