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Vedanta Resources raises $1 billion via bonds

Vedanta Resources on Friday said it has raised $1 billion through bonds and will use the proceeds mainly to repay debt. The funds have been raised through its wholly-owned subsidiary, Vedanta Resources Finance II Plc. The bonds attracted interest from global investors across Europe, North America and Asia. The bonds have an average cost of 8.75% and average maturity is 5.8 years.

Read More at Bloomberg Quint News date : 13 Apr 2019, Saturday

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