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Bond Market News
Vedanta Receives Approval for Consent Solicitation on Dollar Bonds
July 3, 2026
– Vandit P
Vedanta Resources and its subsidiaries announced the results of its bondholder meetings concerning four bond series yesterday. The bonds in question are its 9.475% 2030s, 11.25% 2031s, 9.125% 2032s, and 9.850% 2033s. The extraordinary resolutions for each bond series were passed, and the proposals were approved without amendment. Following passage of the resolutions, amendments were implemented to each bond series’ terms and conditions effective immediately. Payment of the consent fees and ineligible bondholder payments is expected around July 16. This action relates to its tender offer and consent solicitation process launched on June 9. The proposed changes comprise a ‘Covenants Resolution’ and an ‘Issuer Redemption Resolution’, which adds an optional issuer redemption right at 100% of the principal plus accrued interest. Earlier this week, Vedanta announced the early results of its tender offer for the four bond series.
Vedanta’s 7.75% 2037s were stable at 99.5, yielding 7.8%
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