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Bond Market News
Vedanta Secures $530mn Funding Facility
April 23, 2025
Vedanta Group has secured a $530mn funding facility through its promoter entity, Twin Star Holdings. The agreement is backed by Vedanta Resources and Welter Trading as guarantors, with major international banks like First Abu Dhabi Bank, StanChart, and Deutsche Bank participating. Twin Star Holdings owns a 40.02% stake in the Indian subsidiary Vedanta Ltd., and is part of the promoter group for both Vedanta and Hindustan Zinc Ltd (HZL). HZL clarified it is not a party to the agreement and remains unaffected in terms of management or control. The deal includes typical lender protections, such as asset security and operational covenants.
Vedanta’s recently issued 9.85% 2033s traded stable at 89.7, yielding 11.85%.
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