Shapoorji Closes Record $3.4-Billion Private Debt Deal
Financial Express Pune
|May 31, 2025
REAL ESTATE AND construction conglomerate Shapoorji Pallonji Group has completed a $3.4-billion financing in the country's biggest-ever private credit deal, sources said.
About a dozen large investors — some using multiple funds — bought zero-coupon rupee bonds that offer a yield of 19.75%, they said. The debt matures in three years.
Top investors include Ares Management Corp, Cerberus Capital Management, Davidson Kempner Capital Management and Farallon Capital Management. Deutsche Bank acted as the sole arranger of the deal and also invested in it.
Dit verhaal komt uit de May 31, 2025-editie van Financial Express Pune.
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