SP Group Unit to Complete Debt Refinancing by Mid June
Goswami Infratech is set to finish its fundraising plan by mid-June to refinance nearly 2.5 billion dollars in debt. The company secured commitments for a 143 billion rupee bond issue and a 950 million dollar tranche to meet its upcoming month-end deadline.
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Goswami Infratech will complete a $2.5 billion dual-tranche debt sale by mid-June. The fundraising aims to refinance debt before a month-end deadline as the parent group struggles to monetize its India assets. The offering tests investor appetite for distressed credit in the real estate and civil engineering sector.
