Vedanta Resources Raises $900 Million Through Dollar Bond Issue

Vedanta Resources has successfully raised USD 900 million in its first dollar bond issue in over two years. With a coupon rate of 10.875%, this five-year bond aims to refinance existing liabilities. The offering received significant global interest, underscoring confidence in Vedanta's growth story and operational excellence.

In a move set to strengthen its financial position, Vedanta Resources, the parent company of mining giant Vedanta Ltd, has successfully raised USD 900 million in its first dollar bond issue in over two years.

The five-year bond, issued at a coupon rate of 10.875%, is aimed at repaying existing bonds and reducing interest burdens, marking a significant refinancing effort by the company.

The bond offering received strong international interest, with final orders amounting to USD 1.45 billion, showcasing global investors' confidence in Vedanta's assets and growth potential.

(With inputs from agencies.)