Archive · 19 May 2025
Shapoorji Pallonji Group Nears $3.4 Billion Debt Deal
Imagine a big company, the Shapoorji Pallonji Group, needs a lot of money.
They're borrowing $3.4 billion, which is a record for this kind of loan in India!
Several big investors are giving the money.
Deutsche Bank is helping to set everything up and make sure the rules are followed.
The loan is like a special bond that doesn't pay interest until the end, but it offers a good return.
The money will help with things like building roads and solar power plants, as India is working on improving its infrastructure.
It's a big deal for the financial world in India.
Shapoorji Pallonji Group is set to sign a $3.4 billion debt deal.
The deal is anticipated to be India's largest private credit transaction.
Approximately a dozen investors are participating, including Ares Management Corp.
Deutsche Bank will act as the sole arranger and trustee for the deal.
The three-year, zero-coupon rupee bond will have an annual yield of 19.75%.
- Who
- Shapoorji Pallonji Group and investors including Ares Management Corp.
- What
- A $3.4 billion debt deal, India's largest private credit deal.
- When
- Deal expected to be signed as early as Wednesday evening, May 15, 2025
- Where
- India
- Why
- To finance infrastructure projects amid India's infrastructure push.
- Company
- Shapoorji Pallonji Group
- Deal Amount
- $3.4 billion
- Type of Deal
- Private Credit
- Key Investors
- Ares Management Corp, Cerberus Capital Management LP, Davidson Kempner Capital Management, Farallon Capital Management, Deutsche Bank
- Annual Yield
- 19.75%
- Tenure
- Three years
- Location
- India