Shapoorji Unit Markets High-Yield Debt to JPMorgan, BlackRock

India’s Shapoorji and Pallonji Group is in talks with global investors including BlackRock and JPMorgan Chase & Co. for a high-yield bond sale, according to people familiar with the matter, even after it was allowed to delay repayment on existing debt.

The country’s largest private credit borrower is offering yields of at least 14% to raise as much as $1 billion, the people said, asking not to be identified because the discussions are private. Terms are still under negotiation and could change.