Debt

Debt financing

Vedanta Resources raises $800-M from global investors

Business Standard   Vedanta Resources  

UK-based Vedanta Resources (parent entity of Indian mining and minerals-focused Vedanta) has raised USD 800 million from global investors through issue of bonds. The bonds will be issued in two tranches, one due in 2028 worth USD 300 million at 10.25% and another due in 2031 worth USD 500 million at 11.25%.The funding will be used to prepay the company's outstanding debt due in 2028.

Between Dec-20 and Dec-23, Vedanta Resources had raised about USD 1.05 B in debt funding from Oaktree Capital, Others.