Significant operational and clinical progress in 2023 and early 2024 with maturation of Internal Programs,1 launch of two new Founded Entities,2 including a $100 million Series A financing for.
India Business News: Vedanta Resources seeks approval for a proposal to revise the terms of its dollar bonds to cut its debt load. The miner is offering to pay $779 millio
Vedanta Faces Investor Reckoning Over $3.2 Billion of Bonds bnnbloomberg.ca - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bnnbloomberg.ca Daily Mail and Mail on Sunday newspapers.
Vedanta s dollar notes due this month were the most supportive of the firms liability management exercise, while the remaining three trade below the 80 cents on the dollar mark often considered indicative of distress. Still, the bond due in August 2024 rose 3.5 cents on the dollar in December to 66.4 cents, according to Bloomberg-compiled data.
Bondholders have until Jan. 2 to give an early consent on a plan to push out due dates on $3.2 billion in bond repayments, a move that prompted S&P Global Ratings in December to cut the company’s rating deeper into junk.