Thu 08/24/2023 06:46 AM
Vedanta Resources Ltd. or VRL’s identification process for the holders of its USD bonds has primarily been initiated due to the excessively fragmented holding of the company’s bonds - especially the $1 billion 6.125% bonds due in August 2024 - which could make any potential liability management exercise difficult without effective engagement with the holders, two sources familiar with the situation said.
Reorg first reported today, Aug. 24, that VRL has started the identification...
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