Myriad International Holdings (MIH), the electronic media arm and wholly owned subsidiary of South Africa-based media group Naspers, has placed a further US$250m 6% notes due 2020 (follow-on bonds). The placement follows MIH’s successful pricing of a bond offering of $750m 6% notes due 2020.
As with the original offering, Naspers, which is guaranteeing the bonds, has issued a statement that: “The net proceeds will be used for general corporate purposes, including future acquisitions and the repayment of certain amounts…
