{"id":402255,"date":"2021-02-27T10:18:15","date_gmt":"2021-02-27T04:48:15","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=402255"},"modified":"2021-02-27T10:18:15","modified_gmt":"2021-02-27T04:48:15","slug":"vedanta-resources-raises-1-2-bn-ahead-of-open-offer-for-indian-listed-unit","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/vedanta-resources-raises-1-2-bn-ahead-of-open-offer-for-indian-listed-unit\/","title":{"rendered":"Vedanta Resources raises $1.2 bn ahead of open offer for Indian listed unit"},"content":{"rendered":"<p>NEW DELHI : Vedanta Resources on Friday said it has raised $1.2 billion in a bond offering that saw strong investor interest.<\/p>\n<p>The 8.95% bonds due for March 2025 &#8220;will be guaranteed by the company and two wholly-owned indirect subsidiaries of the company, namely Twin Star Holding Ltd and Welter Trading Limited,&#8221; it said in a statement.<\/p>\n<p>Vedanta said it will use the proceeds of the bonds for the acquisition of equity shares of the Indian subsidiary as well as servicing existing debt.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>NEW DELHI : Vedanta Resources on Friday said it has raised $1.2 billion in a bond offering that saw strong investor interest. The 8.95% bonds due for March 2025 &#8220;will be guaranteed by the company and two wholly-owned indirect subsidiaries of the company, namely Twin Star Holding Ltd and Welter Trading Limited,&#8221; it said in a statement. Vedanta said it will use the proceeds of the bonds for the acquisition of equity shares of the Indian subsidiary as well as servicing existing debt.<\/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":[139,130,187],"tags":[],"class_list":["post-402255","post","type-post","status-publish","format-standard","hentry","category-live-mint","category-newspapers","category-oil-gas-live-mint"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/402255","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=402255"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/402255\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=402255"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=402255"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=402255"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}