{"id":581701,"date":"2023-06-03T11:21:27","date_gmt":"2023-06-03T05:51:27","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=581701"},"modified":"2023-06-03T12:33:08","modified_gmt":"2023-06-03T07:03:08","slug":"vedanta-resources-raises-450-million","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/vedanta-resources-raises-450-million\/","title":{"rendered":"Vedanta Resources raises $450 million"},"content":{"rendered":"<p>London-headquartered Vedanta Resources (VRL), the parent company of Indian mining major Vedanta, has raised $450 million from two of its rivals. While it raised $200 million from commodities firm Trafigura Group, it borrowed $250 million from Glencore International AG.<\/p>\n<p>Debt-laden VRL has pre-paid $150 million of its loan taken from Oaktree, according to a report by Nomura, which quoted a report by data and analytics firm Reorg.<\/p>\n<p>The loan exposure to Oaktree and Trafigura will be about $350 million and $200 million, respectively, indicating an asset coverage of about 3 times against the debt of $550 million at the Oaktree box level, Nomura added.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>London-headquartered Vedanta Resources (VRL), the parent company of Indian mining major Vedanta, has raised $450 million from two of its rivals. While it raised $200 million from commodities firm Trafigura Group, it borrowed $250 million from Glencore International AG. Debt-laden VRL has pre-paid $150 million of its loan taken from Oaktree, according to a report by Nomura, which quoted a report by data and analytics firm Reorg. The loan exposure to Oaktree and Trafigura will be about $350 million and $200 million, respectively, indicating an asset coverage of about 3 times against the debt of $550 million at the Oaktree [&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":[130,195,138],"tags":[],"class_list":["post-581701","post","type-post","status-publish","format-standard","hentry","category-newspapers","category-oil-gas-the-financial-express","category-the-financial-express"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/581701","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=581701"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/581701\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=581701"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=581701"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=581701"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}