Pick-up over Tencent lures investors to Prosus

By Francesca Young
14 Jan 2020

Prosus, the international internet business spun off by South Africa-headquartered Naspers in September, has released initial pricing guidance for a 10 year dollar benchmark at a level two analysts called attractive, given the company’s 31% stake in Chinese tech giant Tencent.

Citi and Deutsche Bank are active bookrunners and global coordinators and Barclays is a passive bookrunner.

Initial price guidance was released at 215bp over US Treasuries on Tuesday morning in London.

“The new issue looks good at Initial guidance, even less the inevitable 20bp ...

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