REG - Prosus NV Naspers Limited - Prosus prices new 10-year EUR bond

Prosus NVAnnouncement

08/07/2025 16:30

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RNS Number : 2294Q  Prosus NV  08 July 2025

Prosus N.V.

(Incorporated in the Netherlands)

(Legal Entity Identifier:  635400Z5LQ5F9OLVT688)

AEX and JSE Share Code:  PRX ISIN:  NL0013654783

(Prosus or the group)

 

PROSUS PRICES NEW 10-YEAR EUR BOND

On 8 July 2025, Prosus priced EUR750 million 4.343% notes due 2035 (the
"Bonds") under its Global Medium-Term Note Programme. The offering attracted
strong investor demand, with notes more than four times subscribed.

The group has meaningfully increased the profitability of its ecommerce
businesses over the past year delivering an adjusted EBIT of US$443 million
for the year ended 31 March 2025, thereby enhancing its credit profile. In
alignment with our effective liquidity management strategy, the offering will
refinance our recently matured 2025 notes of US$225 million and upcoming
EUR500 million notes maturing in January 2026.

 

Prosus is rated BBB (Stable outlook) by S&P and Baa2 (Stable outlook) by
Moody's. It is expected that this refinancing will be ratings neutral.

 

The offering is expected to close on 15 July 2025, subject to customary
closing conditions.

Application has been made to The Irish Stock Exchange plc trading as Euronext
Dublin for the Bonds to be admitted to listing on the Official List and traded
on the Global Exchange Market of Euronext Dublin.

Amsterdam, the Netherlands

8 July 2025

JSE sponsor to Prosus

Investec Bank Limited

 Investor Enquiries                           +1 347-210-4305

investorrelations@prosus.com
 Eoin Ryan, Head of Investor Relations
 Media Enquiries                              + 31 615 494 359

charlie.pemberton@prosus.com
 Charlie Pemberton, Communications Director

 

Cautionary Statement

This announcement is for information purposes only and does not constitute a
prospectus or any offer to sell or the solicitation of an offer to buy any
security in the United States or in any other jurisdiction.  Any securities
mentioned herein have not been and will not be registered under the U.S.
Securities Act of 1933, as amended (the "Securities Act") or applicable state
or foreign securities laws and may not be offered or sold in the United States
absent registration under federal or applicable state securities laws or an
applicable exemption from such registration requirements.  Any securities
mentioned herein have been and will only be offered outside the United States
to investors who are both (1) non-U.S. residents (as defined for purposes of
the Investment Company Act) and (2) non‑U.S. persons (within the meaning of
Regulation S under the Securities Act).

This announcement contains information that qualifies, or may qualify, as
inside information within the meaning of Article 7(1) of the Market Abuse
Regulation (EU) 596/2014.

This announcement may include forward-looking statements.  These
forward-looking statements are subject to a number of risks and uncertainties,
many of which are beyond Prosus's control and all of which are based on
Prosus's current beliefs and expectations about future events.
Forward-looking statements are sometimes identified by the use of
forward-looking terminology such as "aim", "annualised", "anticipate",
"assume", "believe", "continue", "could", "estimate", "expect", "forecast",
"goal", "hope", "intend", "likely", "may", "objective", "plan", "position",
"potential", "predict", "project", "risk", "seek", "should", "target", "will"
or "would" or the highlights or the negatives thereof, other variations
thereon or comparable terminology.  These forward-looking statements include
all matters that are not historical facts.

These forward-looking statements and other statements contained in this
announcement regarding matters that are not historical facts involve
predictions.  No assurance can be given that such future results will be
achieved; actual events or results may differ materially as a result of risks
and uncertainties facing Prosus.  Such risks and uncertainties could cause
actual results to vary materially from the future results indicated, expressed
or implied in such forward-looking statements.

Forward-looking statements in this announcement speak only as of the date they
are made.  Except as required by applicable laws and regulations, Prosus
expressly disclaims any obligation or undertaking to update or revise the
forward-looking statements contained in this announcement to reflect any
change in its expectations or any change in events, conditions or
circumstances on which such statements are based.

About Prosus

Prosus is the power behind the world's leading lifestyle ecommerce brands,
across Europe, India and Latin America, unlocking an AI-first world for our 2
billion customers.

The Prosus technology ecosystem spans food delivery, payments, classifieds,
travel, events, and mobility. Our integrated approach enhances user engagement
and creates the foundation for unprecedented AI capabilities through
proprietary data and cross-service intelligence.

Through Prosus Ventures, we invest in companies which inspire and support the
Prosus ecosystem. We search for new opportunities at the leading edge of AI
and ecommerce, the digital AI workforce and in frontier technologies, such as
robotics, drones and synbio.

The team actively backs exceptional entrepreneurs who are using technology to
improve people's everyday lives

 

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