Economic TimesLean R·
SP Group to raise $125 million via tap issue, Rs 3,250 crore in rupee bonds
Mumbai: The Shapoorji Pallonji Group is raising $125 million through a tap issue of its existing dollar bonds and about ₹3,250 crore through rupee-denominated unrated bonds to refinance about ₹3,500 crore of bonds maturing Wednesday, said people familiar with the matter.The fundraising is expected to close by Thursday, the people said.The group informed bondholders last week that it will make the payment by October 1.The $125 million bond is a tap of the group's existing three-year dollar notes…
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