SP Group Plans Rs 25,000 Crore Bond Issue with Expected Lower Pricing

Shapoorji Pallonji (SP) Group plans to raise approximately Rs 25,000 crore through domestic and overseas bonds, with pricing expected to be 300-400 basis points lower than its previous borrowing. The fundraising, likely to conclude by early April, may be split two-thirds domestic and one-third overseas, including a three-year dollar bond of $750 million to $1 billion. Improved pricing reflects stronger investor confidence due to clearer prospects of asset sales and a potential stake monetisation settlement with Tata Sons, enhancing recovery visibility for lenders and bondholders.