This site uses cookies to provide you with a great user experience. By using BondbloX, you accept our use of cookies.
Bond Market News
Vedanta to Raise Approximately $585mn via NCDs
June 5, 2025
Vedanta plans to raise up to INR 50bn (~$585mn) via a private placement of secured non-convertible debentures. The offering features coupon rates around 9.35-9.45% and maturities ranging from 2.5 to 3 years. Proceeds will be used to support general corporate needs, including refinancing existing debt and funding capital expenditure. This fundraising occurs as the company undertakes a major organizational restructuring via a demerger. The conglomerate is on the path to creating five independent business entities.
Its dollar bonds traded stable with its 10.875% 2029s at 99.42, yielding 11.04%
For more details, click here
Go back to Latest bond Market News
Related Posts:
BondbloX Pte. Ltd. is regulated by the Monetary Authority of Singapore as a Recognised Market Operator ("RMO") and exempted from Section 49(1) of the Securities and Futures Act (Cap. 289) ("SFA") under Section 49(7) of the SFA.