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.
These 10 stocks delivered consistent dividend yields over the last 3 years
Several companies have consistently rewarded shareholders with healthy dividend payouts over the last three financial years, according to data from SBI Securities. The dividend yield,