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Bond Market News
Vedanta Resources Signs $600mn Facility Agreement
June 30, 2025
Vedanta Resources Ltd (VRL), along with Twin Star Holdings and Welter Trading, secured a $600mn facility agreement. Of the total facility, $380mn has been committed for, and the remaining capital could be raised when required. The capital raised would be used to refinance debt and associated interest payments as well as transaction related costs. As per the deal, Vedanta Resources, which is part of the promoter group but has no shareholding, is the borrower and Twin Star Holdings Limited & Welter Trading, which hold 40.02% and 0.98% of VRL respectively, are the guarantors. Vedanta shares rallied by 2.3% on Friday.
Vedanta’s dollar bonds were trading with a positive bias, with its 11.25% 2031s at 104.54, yielding 9.95%.
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