Vedanta Resources’ $500 mn dollar bonds attract 3x subscription

Vedanta Resources successfully raised $500 million through a seven-year US dollar bond issue, which was oversubscribed three times, attracting bids over USD 1.6 billion. This strategic move, backed by strong investor confidence, is part of the conglomerate’s ongoing efforts to repay existing high-cost debt, manage liquidity, and extend its debt maturity profile.

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