Indian Conglomerate Eyes US Bond to Retire Yields Near 20%
$2.5 billion in rupee-denominated debt offered at a 18.75% yield matures in April
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Welcome to The Brink. I’m Dipika Lalwani, a reporter in Singapore, where I followed India’s SP Group, which is planning its debut dollar bond sale after borrowing locally at yields near 20%. We also have news on Air Baltic, ION Group and a whiskey maker backed by Jay-Z. Follow this link to subscribe. Send us feedback and tips at debtnews@bloomberg.net.
India’s Shapoorji Pallonji Group, one of the country’s largest private credit borrowers, is racing against time to refinance a significant portion of its debt due at the end of April. As the deadline approaches, the conglomerate is considering making a debut on the dollar bond market.