Vedanta Readies $5.2 Billion Refinancing After Rating Upgrades

Billionaire Anil Agarwal’s Vedanta Resources Ltd. is set to refinance $5.2 billion of US dollar bonds and loans, according to people familiar with the matter, as it seeks to lower...

By Saikat Das, Dipika Lalwani · Bloomberg Markets

Billionaire Anil Agarwal’s Vedanta Resources Ltd. is set to refinance $5.2 billion of US dollar bonds and loans, according to people familiar with the matter, as it seeks to lower borrowing costs by replacing expensive debt after securing credit-rating upgrades.