Vedanta to Raise $1 Bil­lion Via Bonds to Re­fi­nance Ex­pen­sive Debt

The Economic Times - - Front Page -

Me­tals mag­nate Anil Agar­wal’s Vedanta Re­sources on Friday announced rais­ing $1bil­lion through a bond sale, the pro­ceeds of which would largely be used to re­fi­nance ex­pen­sive debt. On July 27, ET was the first to re­port the pro­posed sale and road shows to drum up in­vestor sup­port for the is­sue. The lat­est debt is­suance is part of Vedanta’s “com­pre­hen­sive re­fi­nanc­ing plan” of $1.8 bil­lion announced by the com­pany last week.

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