Shapoorji Pallonji Group Secures $3.4 Billion Credit

Mumbai headquartered Shapoorji Pallonji Group, a real estate and construction conglomerate, finalized a $3.4 billion private credit agreement. This marks the largest private credit deal of its kind in India to date. The agreement involves a three-year, zero-coupon rupee bond with an annual yield of 19.75%, and the proceeds will...

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