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Will Vedanta issue another dollar bond by March 31, 2025?
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Yes • 50%
No • 50%
Vedanta's official press releases or financial news outlets
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Vedanta Raises $900 Million in First Dollar Bond Issue at 10.875%, 1.6 Times Oversubscribed
Sep 12, 2024, 07:10 AM
Vedanta Resources has successfully raised $900 million through its first dollar bond issue in over two years. The bond issue was priced at a final price guidance of 10.875% and was oversubscribed by 1.6 times. The funds raised will be used to prepay existing bonds. Following the announcement, Vedanta shares gained 2.5% on the BSE on Thursday. The likely rating of the bond issue was not disclosed.
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Yes • 50%
No • 50%
Yes • 50%
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Yes • 50%
No • 50%
Expand operations • 25%
Reduce operations • 25%
Maintain current operations • 25%
Exit Tamil Nadu market • 25%
Court rules in favor of Vedanta • 25%
Court rules against Vedanta • 25%
Case dismissed without ruling • 25%
Settlement reached • 25%