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SP Group Dollar Bonds Hit Record High on Tata Sons Listing Bet
Source: Bloomberg
Credit & Bond MarketsIPOs & SPACsCompany FundamentalsInvestor Sentiment & Positioning
Shapoorji Pallonji Group's dollar bonds climbed to record levels this week as investors priced in the potential value unlock from a Tata Sons listing. The group could use proceeds or enhanced value from its Tata Sons stake to repay expensive debt, improving its credit outlook.
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