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Deutsche Bank has earned more than $50 million in fees over the past four years by arranging a series of debt refinancing transactions for the Shapoorji Pallonji Group.
Deutsche Bank earned over $50 million in fees from SP Group debt refinancings since 2020.
KEY POINTS
- SP Group's latest refinancing, led by Deutsche Bank, is priced at around 18.75 percent interest.
- A single recent SP Group refinancing round netted Deutsche Bank more than $14 million in fees.
- SP Group's repeated refinancings are backed mainly by its illiquid Tata Sons stake, complicating asset monetisation.
- High-profile global investors like BlackRock and Pimco have participated in SP Group's private credit deals.
COMPANIES
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