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BlackRock is set to invest in a dollar bond to be issued by a unit of India's Shapoorji Pallonji Group.
BlackRock plans a $100-200 million investment in Goswami Infratech's new dollar bond issue.
KEY POINTS
- Goswami Infratech aims to raise $750-950 million via dollar bonds, with Deutsche Bank as arranger.
- High rupee hedging costs delayed Goswami Infratech's fundraising and repayment of high-yield debt.
- CareEdge Ratings downgraded Goswami Infratech bonds to B+ due to group-level fundraising delays.
COMPANIES
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