Naspers bond offer exceeds demand

Slim pickings in the bond market at the moment so go ahead and use the free publicity there, Meloy Horn...
 
The grammar used in the article and/or the original press release is confusing.

If, as the article says, "the offering exceeded demand", this implies an oversupply (i.e. not enough buyers to take up the full offering) not an oversubscription - the real story is that the original offering of $750m was oversubscribed, leading to an additional $250m being offered.
 
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