Vedanta Resources raises $1 billion through bond issue to repay debt

1 min read
VD 1

Mumbai: Miner Vedanta Resources said on Friday it had raised $1 billion through a bond issue and would use the proceeds to repay existing debt.

The bonds, sold in two tranches, were issued through Vedanta’s subsidiary Vedanta Resources Finance II plc and it attracted interest from global investors across Europe, North America and Asia, the company said.

India-listed Vedanta delisted from London last year but maintains a legal base in Britain. The decision was seen by some as a prelude to a potentially broader deal with bigger miner Anglo American Plc.

Credit Suisse (Hong Kong) Limited, J P Morgan Securities plc and Standard Chartered Bank acted as Joint Global Coordinators, Joint Lead Managers and Joint Bookrunners.

(Except for the headline, this story has not been edited by The Kashmir Monitor staff and is published from a syndicated feed.)

Discover more from The Kashmir Monitor

Subscribe now to keep reading and get access to the full archive.

Continue reading

Don't Miss

ggg

Paradise calling: New survey says Kashmir most sought-after destination for solo traveling

Srinagar: Jammu and Kashmir is one of the most sought-after destinations for
RRR 1

RRR knocks out `The Kashmir Files’, earns Rs 257 Cr on Day 1  

S Rajamouli’s RRR (Roudram Ranam Rudiram) has knocked out `The Kashmir Files’