Billionaire Agarwal’s Vedanta Plans Third Rupee Bond This Year
· Business · Bloomberg, Economic Times
Anil Agarwal-backed Vedanta Ltd. is planning its third rupee-denominated bond issuance of the year. The mining conglomerate aims to raise domestic capital through local debt markets. The company has not yet finalized the total size or the coupon rate for the proposed offering. Vedanta previously tapped the local bond market earlier this year to manage its refinancing obligations.
Why it matters
The recurring debt issuances affect Vedanta's debt servicing costs and investor confidence in Indian metal and mining majors.
Read the original report — Bloomberg
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