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Shapoorji and Pallonji Group is in talks with global investors including BlackRock and JPMorgan Chase & Co for a high-yield bond sale.
Shapoorji and Pallonji Group is offering at least 14% yield to raise up to $1 billion.
KEY POINTS
- The bond sale follows a recent extension to repay an existing loan through June 30, 2026.
- Investors including BlackRock and JPMorgan are in talks to participate in the three-year dollar bonds.
- Some investors may receive leverage from lenders such as Standard Chartered for this offering.
- The company is also exploring domestic borrowing to meet refinancing needs before the June deadline.
COMPANIES
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