Vedanta repays $779 million to bondholders – Times of India

by The Technical Blogs

NEW DELHI: Metals and mining giant Vedanta Resources on Friday said it has made an upfront payment of $779 million to its bondholders and completed repayments as part of the debt restructuring exercise.
Vedanta completed repayments to its bondholders on Feb 7. This was done in line with the consents it received earlier in the year where maturities of $3.2 billion in bonds were successfully extended to 2029, Vedanta said in a statement.
“Vedanta Resources has successfully made an upfront payment of $779 million in cash on Feb 7 to bondholders to redeem a portion of the bonds, and extend their maturities,” the company, promoted by billionaire Anil Agarwal, said.
It has also paid a consent fee of $68 million to the bondholders who had agreed to the restructuring, it added.

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