Vedanta’s ESL Steel is set to raise ₹2,000 crore via non-convertible debentures. This fundraising follows a previous ₹5,000 crore raise earlier this year. Vedanta’s leverage remains a focus due to dividend outflows to its parent, Vedanta Resources. The company’s net leverage has seen a reduction. Vedanta Resources has also reduced its debt significantly.
Global Market Today: Asian stocks waver as oil gains fuel inflation, rate concerns
Government bonds in Japan, Australia and New Zealand retreated, following declines in Treasuries during the New York session. Weak demand at a $70 billion sale