Vedanta Resources is set to launch fresh bonds worth $1 billion to international investors this week.
It is the third such offering in six months, as the metal and mining giant attempts to address its debt burden while pursuing aggressive expansion plans, according to people aware of the matter.
Hiring Intermediaries
The Anil Agarwal-led company is in discussions with international banks such as JP Morgan to arrange its latest offering.
Fund Utilisation
Its upcoming offering could be used for general corporate purposes and partially to retire existing high-cost bonds prematurely. It has a $1billion bond maturing in July 2022.
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