Vedanta Resources plc Raises US $1.7 Billion (Rs. 9,500 Crore) Bond
Largest ever bond offering by a high yield Asian issuer
Lowest coupon' in the 5 year tranche for an Indian high yield issuer in the G3 debt markets
One of the largest orderbook size for an Indian issuer - in excess of US$ 10 billion
Vedanta's 4th successful bond transaction
Optimal pricing outcome amid high quality demand from high-quality accounts globally registered
Vedanta Resources pIc (“Vedanta”, LSE: VED) announced the pricing of the offering of bonds in the aggregate principal amount of US$I. 7 billion. The bonds are being offered and sold in two tranches, consisting of (i) US$I.2 billion aggregate principal amount of 6% Bonds due January 2019 and (ii) US$500.0 million aggregate principal amount of 7.125% Bonds due May 2023 (together, the “Bonds”).
This is a landmark transaction for Vedanta, and Vedanta believes this represents one of the largest corporate high yield bond issuances out of Asia ex-Japan. Anil Agarwal, Chairman of Vedanta Resources pIc said, “This transaction demonstrates the financial strength and global recognition of Vedanta Group as major natural resources corporate. It is our fourth bond transaction and each time we have been met with increasingly overwhelming response by investors.”To join us on Facebook Click Here and Subscribe to UdaipurTimes Broadcast channels on GoogleNews | Telegram | Signal