UltraTech Cement has priced a US$400m 10-year sustainability-linked bond, the first such offering from India. The 2.8% bonds priced at 99.611 to yield 2.845%, equivalent to Treasuries plus 167.5bp.

The flag bearer Aditya Birla Group, flagship cement-maker UltraTech gets clearance by Competition Commission of India from acquiring India Cements Ltd. UltraTech Cement Acquisition of India ...