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Vedanta Resources buyback offer gets $943 million bond bids
Vedanta Resources has successfully garnered tenders worth approximately $943 million for its dollar bonds through an early participation window in its debt buyback. This significant uptake, representing 45% of its $2.1 billion outstanding bonds, signals investor confidence. Market watchers attribute this positive response to attractive yields and Vedanta's strengthening refinancing capabilities, a crucial move for the miner's debt management.
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thehindubusinessline.com
Vedanta Resources unit returns to dollar bond market to buy back high-cost notes, say bankers
Vedanta Resources Finance II plans a three-tranche dollar bond issuance to buy back high-cost notes, targeting $2 billion refinancing.
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economictimes.indiatimes.com
Vedanta Resources buyback offer gets $943 million bond bids
Vedanta Resources has successfully garnered tenders worth approximately $943 million for its dollar bonds through an early participation window in its debt buyback. This…
