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Vedanta Mulling Dollar Bond Issuance, Say Sources
June 25, 2024
Vedanta is said to be planning a dollar bond issuance to raise $500mn, as per sources, adding that it could also be upsized to $1bn depending on investors’ response. They further note that Vedanta is also exploring other avenues to raise funds, like equity sales and local currency loans from domestic banks. Vedanta has typically chosen to issue local INR-denominated bonds in recent times. Vedanta’s dollar bonds have been the best performing notes from India this year, rallying by over 40% YTD.
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