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Vedanta (55% Sink Factor) 13.875% 12/28 (USD)
Vedanta Resources Finance II PLC (55% Sink Factor)
Vedanta Resources Finance II PLC operates as a natural resource company. The Company mines zinc-lead-silver, iron ore, steel, copper, aluminum, power, and oil and gas. Vedanta Resources Finance serves customers worldwide.
to trade this BondbloX
Bondblox Price Information
Last Price
97.100
Yield
-
BondbloX Information
Identifier: BEXISIN
BEXUSG9T27HAD62
Minimum Trading Size
1,000
BondbloX Features
No voting rights
Accrued Interest
3.468
Coupon / Distribution
Pass through of Underlying Bond coupons & distributions
Listed On
BondbloX Bond Exchange
Underlying Bond Information
Bond Issuer
Vedanta Resources Finance II PLC (55% Sink Factor)
ISIN
USG9T27HAD62
Bond Currency
USD
Country of Risk
IND
Guarantor
Vedanta Resources Ltd, Twin Star Holdings Ltd, Welter Trading Ltd
Coupon
13.875%
Coupon Type
Fixed-Fixed (For Life)
Industry Type
Mining
Minimum Denomination
200,000
Minimum Increment
1,000
Amount Issued
1,200,000,000
Amount Outstanding
1,008,000,000
Issue Date
Mar 11, 2021
Maturity Date
12/28
Perpetual
N
Redemption Value
100.000
Bond Rating
S&P:B-
Registration Type
Regulation S
Seniority
Senior Unsecured
Callable
Y
Next Call Date
Jan 10, 2025
Next Call Price
100.000
Reference Rate
-
Spread
-
Refix Frequency (years)
-
Coupon / Distribution Information
Coupon Frequency
2
Next Coupon Date
Mar 11, 2025
Day Count Basis
ISMA-30/360
Record Date Rule
1 ICSD Business Day prior to the relevant Interest Payment Date
Underlying Bond Features
Optional Redemption:
- At any time and from time to time prior to 11 September 2024, the Bonds may be redeemed, in whole or in part, at the option of the Issuer on giving not less than 30 nor more than 60 calendar days’ written notice to the Trustee and the Bondholders, at a redemption price equal to 100% of the principal amount of the Bonds being redeemed plus the Applicable Premium, plus accrued and unpaid interest, if any, to (but excluding) the redemption date. None of the Agents or the Trustee have any responsibility with respect to the calculation or verification of the Applicable Premium.
- At any time and from time to time on or after 11 September 2024, the Bonds may be redeemed, in whole or in part, at the option of the Issuer on giving not less than 30 nor more than 60 calendar days’ written notice to the Trustee and the Bondholders, at their principal amount plus accrued and unpaid interest, if any, to (but excluding) the redemption date.
See the section entitled “Terms and Conditions of the Bonds — Redemption and Purchase”.
Change of Control Triggering Event:
Upon the occurrence of a Change of Control Triggering Event, the Issuer must make an offer to purchase all of the Bonds outstanding at a purchase price equal to 101% of their principal amount plus accrued and unpaid interest, if any, to (but excluding) the purchase date.
Covenants:
The bond consists of the following covenants:
- Negative pledge
- Dividend restriction
- Limitation on Borrowings
- Limitation on distribution of Net Proceeds of Asset Sales
- Material Subsidiaries
- Limitation on Issuer’s activities
- Additional limitations relating to Subsidiary Guarantors
- Limitation on dividends and other restricted payments and on asset sales
- Covenant suspension
For details, see “Terms and Conditions of the Bonds - Covenants”.
Related Documents
Final Terms
This document constitutes the Final Terms relating to the issue of BondbloX BEXUSG9T27HAD62.
Disclaimer
Information regarding the Underlying Bonds is extracted purely on best-efforts basis from the actual program documents currently publicly available to BondEvalue and is not intended to be complete or absolute. No warranty is made as to the completeness or accuracy of such information nor its extraction. Please refer to the actual program documents for complete and accurate information governing the Underlying Bonds.
Vedanta (55% Sink Factor) 13.875% 12/28 (USD)
InstitutionsIndividuals
to trade this BondbloX
Vedanta Resources Finance II PLC (55% Sink Factor)
Vedanta Resources Finance II PLC operates as a natural resource company. The Company mines zinc-lead-silver, iron ore, steel, copper, aluminum, power, and oil and gas. Vedanta Resources Finance serves customers worldwide.
Bondblox Price Information
Last Price
97.100
Yield
-
BondbloX Information
Identifier: BEXISIN
BEXUSG9T27HAD62
Minimum Trading Size
1,000
BondbloX Features
No voting rights
Accrued Interest
3.468
Coupon / Distribution
Pass through of Underlying Bond coupons & distributions
Listed On
BondbloX Bond Exchange
Settlement Cycle
Instant (Fractional)
Underlying Bond Information
Bond Issuer
Vedanta Resources Finance II PLC (55% Sink Factor)
ISIN
USG9T27HAD62
Bond Currency
USD
Country of Risk
IND
Guarantor
Vedanta Resources Ltd, Twin Star Holdings Ltd, Welter Trading Ltd
Coupon
13.875%
Coupon Type
Fixed-Fixed (For Life)
Industry Type
Mining
Minimum Denomination
200,000
Minimum Increment
1,000
Amount Issued
1,200,000,000
Amount Outstanding
1,008,000,000
Issue Date
Mar 11, 2021
Maturity Date
12/28
Perpetual
N
Redemption Value
100.000
Bond Rating
S&P:B-
Registration Type
Regulation S
Seniority
Senior Unsecured
Callable
Y
Next Call Date
Jan 10, 2025
Next Call Price
100.000
Reference Rate
-
Spread
-
Refix Frequency (years)
-
Sink factor
0.5564
Coupon / Distribution Information
Coupon Frequency
2
Next Coupon Date
Mar 11, 2025
Day Count Basis
ISMA-30/360
Record Date Rule
1 ICSD Business Day prior to the relevant Interest Payment Date
Underlying Bond Features
Optional Redemption:
- At any time and from time to time prior to 11 September 2024, the Bonds may be redeemed, in whole or in part, at the option of the Issuer on giving not less than 30 nor more than 60 calendar days’ written notice to the Trustee and the Bondholders, at a redemption price equal to 100% of the principal amount of the Bonds being redeemed plus the Applicable Premium, plus accrued and unpaid interest, if any, to (but excluding) the redemption date. None of the Agents or the Trustee have any responsibility with respect to the calculation or verification of the Applicable Premium.
- At any time and from time to time on or after 11 September 2024, the Bonds may be redeemed, in whole or in part, at the option of the Issuer on giving not less than 30 nor more than 60 calendar days’ written notice to the Trustee and the Bondholders, at their principal amount plus accrued and unpaid interest, if any, to (but excluding) the redemption date.
See the section entitled “Terms and Conditions of the Bonds — Redemption and Purchase”.
Change of Control Triggering Event:
Upon the occurrence of a Change of Control Triggering Event, the Issuer must make an offer to purchase all of the Bonds outstanding at a purchase price equal to 101% of their principal amount plus accrued and unpaid interest, if any, to (but excluding) the purchase date.
Covenants:
The bond consists of the following covenants:
- Negative pledge
- Dividend restriction
- Limitation on Borrowings
- Limitation on distribution of Net Proceeds of Asset Sales
- Material Subsidiaries
- Limitation on Issuer’s activities
- Additional limitations relating to Subsidiary Guarantors
- Limitation on dividends and other restricted payments and on asset sales
- Covenant suspension
For details, see “Terms and Conditions of the Bonds - Covenants”.
Related Documents
Final Terms
This document constitutes the Final Terms relating to the issue of BondbloX BEXUSG9T27HAD62.
Disclaimer
Information regarding the Underlying Bonds is extracted purely on best-efforts basis from the actual program documents currently publicly available to BondEvalue and is not intended to be complete or absolute. No warranty is made as to the completeness or accuracy of such information nor its extraction. Please refer to the actual program documents for complete and accurate information governing the Underlying Bonds.
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