Vedanta mulls $400m-$600m loan

Mining company Vedanta Resources is speaking to banks about a loan of between $400m-$600m to refinance debt maturing imminently, according to a banker. The Indian group’s new fundraising plans come as a separate $1.2bn loan gains traction in general syndication.

  • By Rashmi Kumar
  • 23 Sep 2013

The London-listed group is in very preliminary talks with potential lenders, said the banker. Vedanta plans to use the loan to repay a $500m bond that is due in January 2014.

It is eyeing up a short-term bridge loan at this stage, which it will then seek to ...

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