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SP group firm Goswami's high-yield debt sees ratings cut
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Also read: SP group firm’s bond offers 16-17% yield but here’s the riskA banker familiar with the matter said SP group had breached covenants on these bonds twice this year—first in January and then in April—before seeking an extension on deadline for meeting certain covenants this month.Queries emailed to SP group went unanswered.The SP group had issued these NCDs last June to raise ₹14,300 crore. The rupee-denominated NCDs matures in April 2026 at a redemption premium of 18.75%.
Read more on livemint.comAbout this in other media
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Gold prices dip on strong US dollar as China pauses buying yellow metal. US Fed rate cut in focus livemint.com /5 months ago
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