SP Group unit raises $460 million in rupee debt to repay loans

Eqyizen Investment, a subsidiary of the Shapoorji Pallonji Group, has successfully secured 44.5 billion rupees through the issuance of zero-coupon rupee bonds. These bonds will mature in July 2029, offering an attractive yield of 18.95%. The funds will assist in fulfilling a financial obligation linked to Porteast Investment, which faces a debt payment in May 2025.