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SP Group bonds fail to get a lift as market takes it step by step

Shapoorji Pallonji Group's dollar notes saw little change Tuesday. A potential Tata Sons listing could unlock liquidity for the debt-heavy group.

  • SP Group bonds steady despite potential liquidity boost from Tata Sons stake
  • Market perceives monetization process as lengthy, limiting bond price rally
  • Bonds issued at par with 18.75% yield, used for debt refinancing

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