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Published on 12/3/2020 in the Prospect News Emerging Markets Daily and Prospect News High Yield Daily.

EM-focused Vedanta plans new notes to fund tender offer

Chicago, Dec. 3 – Vedanta Resources Ltd. (formerly Vedanta Resources plc) is planning a new offering of notes concurrent with a tender offer for any and all of its $670.16 million 8¼% bonds due 2021, according to a press release.

The bonds will be offered via Rule 144A and Regulation S.

Vedanta Resources is a London-listed natural resources company that produces aluminum, copper, zinc, lead, silver, iron ore, oil, gas and commercial energy. Vedanta has operations in India, Zambia, Namibia, South Africa, Ireland, Liberia, Australia and Sri Lanka.


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