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Deutsche Bank emerges top investor in $2.5-billion Shapoorji bond issuance

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Deutsche Bank became the top investor in Shapoorji Pallonji's $2.5-billion bond issuance.
Shapoorji's special purpose vehicle Mercury Finance subscribed to $641 million of the bonds.
Other major investors include Sageoak Capital, Cerberus, and Varde Holdings.
The bond issuance is part of Shapoorji's debt restructuring plan.