Wrap Text
Prosus Prices New 10-Year EUR Bond
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
Eoin Ryan, Head of Investor Relations investorrelations@prosus.com
Media Enquiries + 31 615 494 359
Charlie Pemberton, Communications Director charlie.pemberton@prosus.com
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
Date: 08-07-2025 05:30:00
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