Registration: 144A/3(c)(7)/Reg S; Registration: 144A/3(c)(7)/Reg S; Registration: 144A/3(c)(7)/Reg S;

Prosus NV (ticker: PRX NA; domicile/listing: NL) exp Baa3/BBB- (s/p) 144A/3(c)(7)/Reg S 3-part senior unsecured bond offering comprising US$ benchmark 10-year due 7/13/31, EUR benchmark 8-year due 7/13/29 and EUR benchmark 12-year due 7/13/33. MWC then 3mos par call on US$ 10y (4/13/31), 3mos on EUR 8y and 3mos on EUR 12y. CoC at 101 on all. BofA/Citi (B&D) as Global Coordinators and Active Bookrunners on the US$ tranche. BofA/Citi/UniCredit as Global Coordinators and Active Bookrunners on the EUR tranches. Docs: Drawdown off US$8bn GMTN Programme (GEM listed). UOP: General Corporate Purposes, including debt refinancing which may take the form of redemptions, repayments at maturity, tender offers, repurchases or other transactions. Netroadshow: https://www.netroadshow.com/nrs/home/#!/?show=856298cb | Deal entry code: PROSUS21. Pricing today. Settle 7/13 (T+4). IPTs: US$ 10y T+195 area, EUR 8y MS+160 area, EUR 12y MS+205 area. EUR GUIDANCE: EUR 8y MS+140-145, EUR 12y MS+185-190. Books subject at 13:15 UKT / 14:15 CET. EUR LAUNCH:EUR1bn 8y at MS+140.EUR850m 12y at MS+185. USD LAUNCH:$1.85bn 10y at T+175. Prosus NV (ticker: PRX NA; domicile/listing: NL), a global consumer internet group and one of the largest technology investors in the world, rated Baa3 (Stable) by Moody’s and BBB- (Positive) by S&P, has mandated banks to lead a 144A/3(c)(7)/Reg S senior unsecured bond offering comprising US$ benchmark 10-year and EUR benchmark 8-year and 12-year tranches. Relevant stabilisation regulation applies.BofA Securities and Citi are acting as Global Coordinators and Active Bookrunners on the US$ tranche.BofA Securities, Citi and UniCredit are acting as Global Coordinators and Active Bookrunners on the EUR tranches.A Netroadshow recording has been published and the company is available for calls on July 6th. Citi is coordinating logistics.Alongside the new bond offering, Prosus NV has announced an offer to purchase for cash any-and-all of its outstanding U.S.$1.2bn 5.500% Notes due 2025 and U.S.$1bn 4.850% Notes due 2027. The tender offer is subject to the successful completion of the new financing. The Expiration Deadline is set for 13th July, 2021. BofA Securities and Citi are acting as Joint Dealer Managers. For further information on the tender offer, holders should (subject to offer and distribution restrictions) refer to the Offer to Purchase dated 6th July, 2021.Manufacturer target market (MIFID II product governance) is eligible counterparties and professional clients only (all distribution channels). No EU PRIIPs or UK PRIIPs key information document (KID) has been prepared. FINAL LINK: https://www.netroadshow.com/nrs/home/#!/?show=856298cb (Recommended)ORVisit www.netroadshow.com and enter the deal entry code: PROSUS21 (not case-sensitive)The Prosus management team are available for calls on request

[PROSUS NV]

[Prosus NV] (ticker: PRX NA; domicile/listing: NL) (Baa3/BBB- s/p) hit the market today with a 144A/3(c)(7)/Reg S 3-part senior unsecured bond offering comprising US$1.85bn 10-year due 7/13/31, a EUR1bn 8-year due 7/13/29 and a EUR850m 12-year due 7/13/33. MWC then 3mos par call on US$ 10y (4/13/31), 3mos on EUR 8y and 3mos on EUR 12y. CoC at 101 on all. Docs: Drawdown off US$8bn GMTN Programme (GEM listed). UOP: General Corporate Purposes, including debt refinancing which may take the form of redemptions, repayments at maturity, tender offers, repurchases or other transactions. Netroadshow: https://www.netroadshow.com/nrs/home/#!/?show=856298cb | Deal entry code: PROSUS21. Settle 7/13 (T+4).

VIA BofA/Citi (B&D) as Global Coordinators and Active Bookrunners on the US$ tranche.

BofA/Citi/UniCredit as Global Coordinators and Active Bookrunners on the EUR tranches.

Announced as benchmark size, we heard IPTs on the dollar tranche at T+195a.

Ultimately, size on the dollar piece totaled $1.85bn with pricing at T+175bp:

PRICED: $1.85bn due 7/13/31 3.061% at par. T+175.

EURO TRANCHES ALSO PRICED TODAY:

EUR GUIDANCE: EUR 8y MS+140-145, EUR 12y MS+185-190.
EUR PRICED :
EUR1bn 07/13/29 0% at 100. Ms+140bp.
EUR850m 07/13/33 1.985% at 100. Ms+185bp

As for r/v, the '30s was the main comp. The PRXNA 3.680% due 01/21/30 was quoted T+135bp (G147; $107.50). Adding in a touch of curve gets you to T+150bp. At the T+175bp pricing level, CONCESSION IS 25BP.

No NIC confirmation with the lead on this one – but others away trying to figure out the NIC were landing in the same spot.

We didn't catch a book on this one.