SP Group Secures $3.3 Billion Refinancing Backed by Tata Sons Stake and Core Assets

What is the total amount SP Group is raising through this refinancing deal? A: SP Group is raising $3.3 billion through this structured refinancing deal. Q: What type of financial instrument is being used for this refinancing? A: The transaction is structured as a zero-coupon non-convertible debenture (NCD) with a tenure of three years. Q: What are the primary collaterals for this refinancing deal? A: The primary collaterals include a 9.185 percent stake in Tata Sons, real estate assets, and oil and gas business cash flows. Q: Which global credit investors are interested in this deal? A: Marquee global credit investors including Falloron, Cerberus, Ares Management, PIMCO, BlackRock, and Edelweiss Alternatives are interested in this deal. Q: What is the expected yield for this NCD? A: The expected yield for this NCD is 18.5–19 percent.

Answer not available