Vedanta said it received and accepted for purchase $5,22,513,000 of the 2019 bonds and $2,29,843,000 of the 2021 bonds. Photo: ReutersMumbai: London-headquartered Anil Agarwal-promoted Vedanta Resources on Friday sold $1 billion of 7-year bonds at 6.125% and said the proceeds will be used to refinance $1.8 billion of its higher priced existing debt. “Vedanta on Friday priced its RegS bonds (dollar debt sold to non-American investors) at 6.125%. Of this, it has already received and accepted for purchase $5,22,513,000 of the 2019 bonds and $2,29,843,000 of the 2021 bonds. First Abu Dhabi Bank, ICICI Bank, JP Morgan and Standard Chartered as joint lead managers and joint book runners.

Source: Mint August 04, 2017 15:11 UTC