Investors keen on Naspers at low 6%
Price guidance of low 6% yield area set for emerging market internet and pay TV provider Naspers’ seven year dollar Eurobond is attractive, said investors. They expect some tightening before the deal is priced.
Barclays and Citi are joint global co-ordinators and active bookrunners on the 144A/Reg S deal while JP Morgan is a passive bookrunner.
“I love it at 6%,” said one emerging market fund manager in London. “It’s a good credit with diversified global assets, it has stable cash generation
Please take a trial or subscribe to access this content.
Contact our subscriptions team to discuss your access: firstname.lastname@example.org
To discuss GlobalCapital access for your entire department or company please contact our subscriptions sales team at: email@example.com or find out more online here.