Topic
refinancing
Finance Real Estate Private Credit Funds See Refinancing Demand Rise as Residential Sales Moderate
Real estate private credit funds are preparing for a rise in refinancing demand over the next 12 months as residential sales moderate after a multi-year run. Fund managers say the shift is toward strategic use of private credit, not distress-led lending, with developers proactively restructuring balance sheets.
Finance Shapoorji Refinancing Delays Spur Some Bondholders to Seek Exit on Debt
Some bondholders of Shapoorji Pallonji Group are attempting to sell non-convertible debentures of subsidiary Goswami Infratech at about 90% of par amid prolonged refinancing talks. The group has ₹8,343 crore ($884 million) in zero-coupon bonds maturing June 30, which have already been extended once and are now seeking another extension. The development highlights rising stress in India's private credit market, with the yield on the notes climbing to 21.75%.