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 ...

Please take a trial or subscribe to access this content.

Contact our subscriptions team to discuss your access: subs@globalcapital.com

Corporate access

To discuss GlobalCapital access for your entire department or company please contact our subscriptions sales team at: subs@globalcapital.com or find out more online here.

GlobalCapital European securitization league table

Rank Lead Manager/Arranger Total Volume $m No. of Deals Share % by Volume
1 Citi 2,007 6 16.61
2 Goldman Sachs 1,798 4 14.88
3 BNP Paribas 1,434 4 11.87
4 Barclays 1,097 2 9.08
5 Morgan Stanley 1,094 2 9.06

Bookrunners of Global Structured Finance

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Citi 20,542.69 67 10.85%
2 JPMorgan 18,820.53 50 9.94%
3 Bank of America Merrill Lynch 17,976.22 56 9.49%
4 Wells Fargo Securities 16,568.24 48 8.75%
5 Barclays 13,499.53 45 7.13%