Prosus gets $1.25bn with Tencent stake boost

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By Francesca Young, Mike Turner
14 Jan 2020

Prosus, the Dutch-based consumer internet company spun off by Naspers in September, has launched a $1.25bn 10 year bond, days after it failed to convince shareholders in takeaway delivery group Just Eat to sell it the company.

Citi and Deutsche Bank were active bookrunners and global coordinators and Barclays was a passive bookrunner.

Prosus holds Naspers’ 31% stake in Tencent, the Chinese internet group, whose value has long dominated the stock market valuation of Naspers. The parent’s roots lie in South African media and newspaper publishing.

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