Thu 01/11/2024 21:50 PM
Reorg Asia’s Highlights:
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Vedanta Resources Limited, or VRL’s, successful consent solicitation for its $1 billion 6.125% bonds due 2024 made significant amendments to the bonds. Reorg has summarized certain of the key changes;
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These key amendments include extending the maturity via a principal amortization schedule, inclusion of mandatory prepayment events and an increased coupon;
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The bonds also now benefit from subsidiary guarantees from Twin Star Holdings Ltd., or Twin...
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