India’s Shapoorji Pallonji Group is seeking a fresh extension from bondholders for debt owed by one of its units, according to people familiar with the matter. The group proposes granting bondholders an additional 30-basis-point fee in exchange for approving the next extension. The request reflects delays in refinancing efforts, which are still dragging on. While the reports do not specify the bond’s maturity date, the size of the debt, or whether bondholders have accepted the offer, both outlets describe the same core development: an offer of a small incremental fee to secure approval for further time to repay or refinance the obligation. The proposal is being discussed privately, and further terms and timing depend on bondholder decisions. The information comes from individuals familiar with the discussions, and no final agreement is reported in the available coverage.
Shapoorji Pallonji seeks another bond extension amid stalled refinancing
India’s Shapoorji Pallonji Group is seeking a fresh extension from bondholders for debt owed by one of its units, according to people familiar with the matter. The group proposes granting bondholders...
- Shapoorji Pallonji Group asks bondholders to approve another extension of debt owed by its unit.
- The proposed incentive is an additional 30-basis-point fee for bondholders.
- Refinancing efforts are delayed, contributing to the need for the extension.
- The reports cite people familiar with the matter; no final outcome is stated.
India’s Shapoorji Pallonji Group has offered bondholders a 30-basis point fee in exchange for approving another extension on debt owed by its unit, according to people familiar with the matter.
2 months agoIndia’s Shapoorji Pallonji Group has offered bondholders a 30-basis point fee in exchange for approving another extension on debt owed by its unit, according to people familiar with the matter.
2 months ago
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