Vedanta Resources buys back $40 million of its 6.625% bonds due 2010

By Devika Patel

Knoxville, Tenn., Sept. 30 - Vedanta Resources plc announced it has bought back $40 million of its $600 million in 6.625% bonds due 2010 using existing cash resources.

The bonds were purchased at an average price of 101.2438.

Vedanta so far has purchased $125 million of the bonds.

Vedanta is a London-based mining firm with most of its operations in India.

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