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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.
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The suit targets an Illinois law that requires state-regulated health insurers to cover abortions and medications to terminate pregnancies.
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The allegations of bribery and fraud are the latest blow for the tycoon, one of India's richest people.
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