Lisa Cook sues Trump over firing attempt, emergency hearing set
AMSTERDAM - Prosus (OTC:PROSF) N.V. (AEX and JSE:PRX) has priced €750 million in 10-year notes with a 4.343% yield due in 2035, the technology investment company announced Tuesday.
The bond offering, conducted under the company’s Global Medium-Term Note Programme, attracted strong investor interest with more than four times subscription, according to a press release statement.
Prosus said the new bond issuance aligns with its liquidity management strategy and will refinance recently matured 2025 notes of $225 million and upcoming €500 million notes maturing in January 2026.
The company highlighted that its ecommerce businesses delivered an adjusted EBIT of $443 million for the year ended March 31, 2025, which it said has enhanced its credit profile.
Prosus maintains credit ratings of BBB with a stable outlook from S&P and Baa2 with a stable outlook from Moody’s. The company expects this refinancing to be ratings neutral.
The offering is scheduled to close on July 15, 2025, subject to customary closing conditions. Prosus has applied for the bonds to be admitted to listing on the Official List and traded on the Global Exchange Market of Euronext (EPA:ENX) Dublin.
Prosus operates technology businesses across food delivery, payments, classifieds, travel, events, and mobility sectors primarily in Europe, India, and Latin America.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.