Shearman & Sterling represented Citi, Barclays Capital, J.P. Morgan as joint bookrunners and BofA Merrill Lynch, BNP Paribas, Goldman Sachs International, HSBC and The Royal Bank of Scotland as co-managers in connection with the $700 million bond offering by South African-based media company and pay-TV provider Naspers Ltd.

The 6.375% seven-year bonds are guaranteed by Naspers and issued through the company's wholly owned subsidiary, Dutch-incorporated Myriad International Holdings BV.

The Shearman & Sterling team of lawyers in the firm’s London and New York offices was led by capital markets partner Jacques McChesney. He was assisted by associates Rebecca Marques, Tasha Matharu, Alison Howell and James Brilliant. Associate Shiu-Kay Hung advised on tax aspects of the offering.