Vedanta repays $779 million to bondholders

Feb 9, 2024

New Delhi: Metals and mining giant Vedanta Resources on Friday said it has made an upfront payment of $779 million. bond holder and completed repayment as part of debt restructuring Exercise.
Vedanta completed repayment to its bondholders on 7 February. This was done in line with the consent received earlier in the year, where the maturity period of $3.2 billion in bonds was successfully extended to 2029, Vedanta said in a statement.
“Vedanta Resources has successfully made a cash advance payment of $779 million to bondholders on February 7 to redeem a portion of the bonds and extend their maturity,” the company promoted by billionaire Anil Agarwal said.
It also paid a consent fee of $68 million to bondholders who agreed to the restructuring.

Related Post

Leave a Reply

Your email address will not be published. Required fields are marked *