The company priced the bond at 7.45% and the proceeds of the issue will be used to refinance existing loan facilities of the company. The pricing of these bonds is much higher than the 7% targeted by Adani Green in the issue that was pulled out ultimately on October 15. Bankers said the more expensive pricing reflects the rise in the benchmark US treasury yield since that date.
Mazagon Dock Q4 Results: Cons PAT falls 51% YoY to Rs 325 crore; Rs 2.71 per share dividend announced
Mazagon Dock Shipbuilders reported a 51% year-on-year decline in its Q4FY25 consolidated net profit at Rs 325 crore versus Rs 663 crore posted in the