Vedanta Resources Finance II $1 billion dual tranche bond issue

Overview:

• Metals and mining company Vedanta Resources has issued $1 billion dual-tranche high yield senior unsecured bonds through its wholly-owned subsidiary, Vedanta Resources Finance II.
• The issue comprised $400 million 8% bonds due 2023 and $600 million 9.25% bonds due 2026.  

Shah Shameer Ahmed - Researcher