{
  "id": 10818115,
  "title": "SP Group to raise $125 million via tap issue, Rs 3,250 crore in rupee bonds",
  "url": "https://urgent.news/2026/09/30/sp-group-to-raise-125-million-via-tap-issue-rs-3-250-crore-in-rupee",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-09-30T00:39:21.000Z",
  "source": {
    "name": "The Economic Times - Top News",
    "slug": "the-economic-times-top-news",
    "url": "https://economictimes.indiatimes.com/markets/bonds/sp-group-to-raise-125-million-via-tap-issue-rs-3250-crore-in-rupee-bonds/articleshow/134576796.cms"
  },
  "original_language": "en",
  "account": null,
  "summary": "The Shapoorji Pallonji Group is set to raise $125 million and about ₹3,250 crore through rupee-denominated unrated bonds, aiming to refinance approximately ₹3,500 crore of bonds maturing on October 1. The $125 million tap issue, a portion of its existing three-year dollar bonds, will carry a 14.5% coupon and have a remaining tenor of about two years and 10 months. The rupee-denominated bonds will yield around 18.95%, also with a similar tenor. The group is expected to complete the fundraising by Thursday, as the issue was oversubscribed, prompting them to reduce investor allocations.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}