EM-focused Vedanta to issue notes alongside tender offer

By Christine Van Dusen

Atlanta, Jan. 17 – Emerging markets-focused Vedanta Resources plc is planning to sell new bonds alongside cash tender offers for its $750 million 9½% bonds due 2018 and $1.2 billion 6% bonds due 2019, according to a company announcement.

Barclays, Citigroup, JPMorgan and Standard Chartered Bank are leading the transaction.

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.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.