{"id":392334,"date":"2020-12-30T11:44:11","date_gmt":"2020-12-30T06:14:11","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=392334"},"modified":"2020-12-30T11:48:53","modified_gmt":"2020-12-30T06:18:53","slug":"vedanta-raises-1-4-billion-to-retire-debt","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/vedanta-raises-1-4-billion-to-retire-debt\/","title":{"rendered":"Vedanta raises $1.4 billion to retire debt"},"content":{"rendered":"<p>NEW DELHI: Promoters of Vedanta Ltd have pledged their holding in the company to raise $1.4 billion, mostly for repaying the debt that was coming up for maturity.<br \/>\nIn a stock exchange filing, Vedanta said its promoters raised $1 billion debt by issuing equivalent notes to Citicorp International Ltd.<br \/>\nSeparately, a unit of Vedanta Resources will issue $400 million in notes to an entity under Oaktree Capital Group.<br \/>\nThe notes in both cases will be partly secured by shares in Mumbai-listed unit Vedanta Ltd.<br \/>\nThe funds raised from Citicorp &#8220;will be used to fund the tender offer for any and all of Vedanta Resources Limited&#8217;s (VRL) outstanding $900 million 8.25 per cent bonds due 2021,&#8221; the company said in the filing.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>NEW DELHI: Promoters of Vedanta Ltd have pledged their holding in the company to raise $1.4 billion, mostly for repaying the debt that was coming up for maturity. In a stock exchange filing, Vedanta said its promoters raised $1 billion debt by issuing equivalent notes to Citicorp International Ltd. Separately, a unit of Vedanta Resources will issue $400 million in notes to an entity under Oaktree Capital Group. The notes in both cases will be partly secured by shares in Mumbai-listed unit Vedanta Ltd. The funds raised from Citicorp &#8220;will be used to fund the tender offer for any and [&hellip;]<\/p>\n","protected":false},"author":44,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[130,219,137],"tags":[],"class_list":["post-392334","post","type-post","status-publish","format-standard","hentry","category-newspapers","category-oil-gas-the-times-of-india","category-the-times-of-india"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/392334","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/44"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=392334"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/392334\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=392334"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=392334"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=392334"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}