The brokerage particularly analysed the most leveraged Adani Green, the yield on which is at around 15%, though up from about 9% a few days back, but below the highs of 22% seen in October end. Bernstein estimates that with a gross debt of ₹47,300 crore, Adani Green is the most leveraged among the conglomerate’s companies.
Bond supply may outweigh demand, push yields higher
Bond yields in India are anticipated to increase in the latter half of this fiscal year. This rise is primarily due to higher government borrowing