Vedanta plans major bond fundraising push this week. The mining conglomerate is set to raise approximately three thousand crore rupees through domestic bond issuance early next week to refinance upcoming debt obligations and strengthen its liquidity position. The three-year non-convertible debentures are expected to carry a coupon of around eight point seven five percent, while five-year notes may offer roughly nine percent. Barclays and Citigroup are arranging the transaction after the company secured board approval. This fundraising effort comes as Vedanta continues managing multiple funding channels amid its major demerger initiative, which involves separating aluminium, oil and gas, power and iron and steel businesses into standalone listed entities expected to complete by the end of this financial year.
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