New Issue: Vedanta Resources unit sells $1.4 billion 13% three-year senior bonds

By Marisa Wong

Los Angeles, Aug. 24 – Vedanta Resources Ltd. subsidiary Vedanta Holdings Mauritius II Ltd. issued $1.4 billion of 13% guaranteed senior secured bonds due 2023 (B3/B) on Friday, according to a notice.

Barclays Bank plc, Credit Suisse (Hong Kong) Ltd., Deutsche Bank AG, Singapore Branch, J.P. Morgan Securities plc and Standard Chartered Bank are the lead managers and bookrunners for the Regulation S and Rule 144A offering.

Vedanta is a London-based metals and mining company with operations in Australia and Zambia.

Issuer:	Vedanta Holdings Mauritius II Ltd.
Issue:	Guaranteed senior secured bonds
Amount:	$1.4 billion
Maturity:	Aug. 21, 2023
Bookrunners:	Barclays Bank plc, Credit Suisse (Hong Kong) Ltd., Deutsche Bank AG, Singapore Branch, J.P. Morgan Securities plc and Standard Chartered Bank
Coupon:	13%
Settlement date:	Aug. 21
Ratings:	Moody’s: B3
	S&P: B
Distribution:	Regulation S and Rule 144A

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