South Africa's Naspers Hires Banks For Dlr Bond, Roadshow

14th Jul 2010 10:30

LONDON (Dow Jones)--South African-based diversified media company and pay-TV provider, Naspers Ltd. (NPN.JO), has hired Barclays PLC, Citigroup, and JP Morgan Chase & Co as joint bookrunners for a dollar-denominated bond issue, one of the banks said Wednesday. Naspers plans to meet bond investors on a roadshow in Europe, the U.S., and Asia, and a deal is expected to follow, subject to market conditions. The company is rated Baa3 by Moody's Investors Service Inc., and BBB- by Fitch Ratings. -by Mark Brown, Dow Jones Newswires; + 44 (0)207 842 9485, [email protected] (END) Dow Jones Newswires July 14, 2010 05:30 ET (09:30 GMT)