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Shapoorji and Pallonji Group is in talks with global investors including BlackRock and JPMorgan Chase & Co. The country’s largest private credit borrower is offering yields of at least 14% to raise as much as $1 billion.
Shapoorji and Pallonji Group is offering at least 14% yield to raise up to $1 billion.
KEY POINTS
- The Group is seeking fresh funds soon after creditors allowed delaying repayment on earlier debt.
- Global investors like BlackRock and JPMorgan are in private talks to participate in this bond sale.
- Some investors may use leverage facilities from lenders such as Standard Chartered for this transaction.
- SP Group is also pursuing local borrowing to address refinancing before Goswami Infratech's June deadline.
COMPANIES
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