The senior notes, issued via Vedanta Resources Finance II, will be guaranteed by parent VRL and subsidiaries including Twin Star Holdings, Welter Trading, and Vedanta Holdings Mauritius II. The deal, launched under Rule 144A/Reg S, is expected to be priced as early as September 30 with preliminary ratings of B2 (Moody’s) and B+ (Fitch), and will mature in October 2032.
Fed officials signal further rate hikes as inflation remains elevated
Federal Reserve officials are signaling further interest-rate increases to combat persistent inflation pressures in the economy. San Francisco Fed President Mary Daly expressed concerns about