Tue 07/11/2023 07:59 AM
UPDATE 1: 8:01 a.m. ET 7/11/2023: Vedanta Resources Ltd. or VRL, is likely to consider repaying $500 million of the $1 billion 13.875% bonds due in January 2024 and exchanging it with a new bond with maturity in January 2026, two sources close to the situation said. The due 2024 bonds benefit from guarantees by intermediate holding companies and step-down subsidiaries, Twin Star Holdings Ltd. and Welter Trading Ltd. The plan also entails conversion of the outstanding $950 million 6.125%...
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