Names revealed: Six sign up for Vedanta $1.2bn
Six banks have committed to Vedanta Resources’s $1.2bn five year loan with a seventh in the midst of processing its documents. The deal is expected to close soon and the Indian mining giant is now preparing to mandate lenders for a second $500m borrowing.
Banco de Brasil, Bank of China, Bank of East Asia, Federated Bank, First Gulf and Société Générale are the banks which have made pledges for the $1.2bn deal, though the amount committed is undisclosed.
But Vedanta will not be away from the market for long. As soon as
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