Shapoorji Group secures $3.4 billion in record Deutsche-led credit deal

Wait 5 sec.

Deutsche Bank orchestrated a significant $3.35 billion private credit deal for the Shapoorji Pallonji Group, securing funds from global investors like BlackRock and Morgan Stanley. The three-year nonconvertible debentures, backed by a portion of SP Group's Tata Sons stake, offer a 19.75% yield.