Vedanta Shares in Spotlight as Company Plans $1.2 Billion Bond Issue to Refinance Debt!
Vedanta Resources Ltd. (VRL) issued two sets of bonds worth up to $1.25 billion on Tuesday, with a 3.5-year term at 10.25% and a 7-year term at 11.25%. This put Vedanta shares in focus. The company’s existing 13.875% notes, which mature in 2028, are reportedly going to be refinanced with the money. The bond was … Read more
