Vedanta taps Asia, US
Oil and metals producer Vedanta Resources has mandated five banks to lead its $3.5bn loan, and is planning to raise the money from a mix of Asian lenders and US institutional investors, according to a banker familiar with the loan.
The London-based company has picked Bank of America Merrill Lynch, Barclays, JP Morgan, Royal Bank of Scotland and Standard Chartered as the mandated lead arrangers.
The loan will be split into two chunks: the $2.5bn tranche will be launched as a US term loan B, and the rest of
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