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Billionaire Gautam Adani’s conglomerate pulled in more than $1.95 billion of orders for a dollar bond sale on Wednesday after postponing an offering last month when some investors pushed back on pricing.

Units of the group’s clean-energy business, Adani Green Energy Ltd. are offering the 20-year $600 million note at a yield of 7.45% at final price guidance, tightened from around 7.75% earlier, according to a person familiar with the matter who asked not to be identified. That compares with initial guidance of around 7% for the October deal.

Adani is returning to the market after credit spreads on Asian dollar bonds tightened to a record low after Donald Trump’s election victory boosted global risk appetite and fueled offerings in the primary market. The conglomerate plans to use the proceeds to repay foreign-currency loans, according to the person.

The final order book may be different once marketing of the bond to investors is concluded.

The new note, which is broadly similar in structure to the October one, had been expected to price at a yield of about 7.5%, given where other Adani Green debt securities are trading, CreditSights analysts including Lakshmanan R and Jonathan Tan wrote in a research note published Wednesday.

Adani Green’s successful refinancing of debt earlier this year provides comfort, but there’s concern about a potential resumption of aggressive capital spending that could “pressurize credit metrics at the parent level,” the analysts said.

The increase in US yields since Trump’s election victory may result in higher all-in borrowing costs for Adani this time round than if it had proceeded with its October offering.

Spreads on Asian bonds with similar ratings to those on Adani’s planned sale have tightened 10 basis points since mid-October, but 10-year Treasury yields have climbed by about 39 basis points in the same period, data compiled by Bloomberg show.

The Adani Group in October had reached what’s called “final price guidance” on its offering of 20-year bonds with the securities set to yield 7%, before it decided to delay the sale. Yields for final price guidance are generally expected to be lower than those in initial guidance.