Naspers: Myriad Plans Bond Offering to Repay Existing Notes

By Razak Musah Baba Features Dow Jones Newswires

South African media giant Naspers Ltd. (NPN.JO) said Thursday its subsidiary Myriad International Holdings B.V. (MIH B.V.), is exploring the possibility of an international U.S. dollar bond offering by meeting potential investors on a roadshow.

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Proceeds from the offering, if completed, are expected to be used for general corporate purposes and to repay MIH B.V.'s existing notes maturing in July, Naspers said.

-Write to Razak Musah Baba at razak.baba@wsj.com; Twitter: @Raztweet

(END) Dow Jones Newswires

June 22, 2017 04:25 ET (08:25 GMT)