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Vedanta raises $1.1 bn via dual tranche bond

PTI

New Delhi, Updated At : 04:49 AM Jan 16, 2025 IST

Mining mogul Anil Agarwal’s Vedanta Resources has raised USD 1.1 billion through a new bond offering to prepay existing liabilities, the company said in a Singapore exchange filing.

Vedanta Resources Finance II plc, a wholly owned subsidiary of Vedanta Resources, raised USD 1.1 billion through a new dual tranche issuance in international debt capital markets. Vedanta Resources Ltd (VRL) has raised USD 3.1 billion in USD bonds since September 2024.

As per the exchange filing, the latest bond issuance consists of two tranches.

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Vedanta raises $1.1 bn via dual tranche bond

PTI

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