US$1,000,000,000 13.875% NOTES DUE 2024 AND US92243XAD30 ) ; AND US$1,200,000,000 8.95% NOTES DUE 2025 AND US92243XAE13 ) On 28 2023, Cleary Gottlieb Steen & Hamilton LLP sent a letter to the Company on behalf of a group of investors holding nearly. - Veroeffentlicht am 06.11.2023
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Vedanta shares fell over 6% to hit a fresh 52-week low of Rs 210 on Wednesday after Moody s downgraded the corporate family rating for the London-based promoter group and commodity major Vedanta Resources.
"The downgrade reflects elevated risk of debt restructuring over the next few months because VRL has not made any meaningful progress on refinancing its upcoming debt maturities, in particular the $1 billion bonds maturing each in January 2024 and August 2024," Kaustubh Chaubal, the lead Moody s analyst on the conglomerate, said Tuesday.