India’s Top Private Credit Borrower Plans $1 Billion Bond Debut

India’s Shapoorji Pallonji Group aims to raise up to $1 billion through its first dollar bond sale as it works to refinance local-currency debt maturing in April, according to people familiar with the matter.

The infrastructure-focused conglomerate, backed by billionaire Shapoor Mistry, has held discussions with new overseas investors to broaden its funding base, said the people who asked not to be identified because discussions are private.