Tue 12/12/2023 00:27 AM
Vedanta Resources Ltd. expects to launch the liability management exercise, or LME, for its USD bonds due in 2024 and 2025 by tomorrow, Dec. 13, or at the latest within this week, as it is in advanced stages of closing a $1.25 billion new loan to fund the exercise, two sources close and two sources familiar with the matter said. The loan, priced at around 18%, is being raised primarily from Cerberus Capital Management, Davidson Kempner Capital Management, Ares Management, Varde Partners and...
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