Vedanta Resources has raised $1.7 billion (Rs. 9,500 crore) through issue of bonds, the largest ever bond offering by any Indian corporate..Amarchand Mangaldas advised Vedanta Resources plc as well as the Joint Bookrunners – Barclays Bank PLC, Citigroup Global Markets Limited, J.P. Morgan Securities plc, Merrill Lynch, Pierce, Fenner & Smith Incorporated, The Royal Bank of Scotland plc, Standard Chartered Bank and Deutsche Bank AG, Singapore Branch, in relation to Indian law..Amarchand team was led by Partner Prashant Gupta along with Principal Associate Designate Monal Mukherjee, Senior Associates Agnik Bhattacharyya and Shatarupa Dasgupta and Senior Associate Designate Apurva Rai..Latham & Watkins acted as International legal counsel to Vedanta Resources plc. The Latham team was led by Singapore Partners Rajiv Gupta and Timothy Hia, Hong Kong Partner David Miles and London Partner Lene Malthasen..The bonds are being offered and sold in two tranches, consisting of $1.2 billion aggregate principal amount of 6 per cent bonds due January 2019 and $500 million aggregate principal amount of 7.12 due May 2023, report NDTVProfit..This offering has been undertaken in order to refinance the US$ 3.5 billion term loan facility availed of by the Company in November 2010 in order to finance its acquisition of Cairn India Limited, which was concluded in December 2011.
Vedanta Resources has raised $1.7 billion (Rs. 9,500 crore) through issue of bonds, the largest ever bond offering by any Indian corporate..Amarchand Mangaldas advised Vedanta Resources plc as well as the Joint Bookrunners – Barclays Bank PLC, Citigroup Global Markets Limited, J.P. Morgan Securities plc, Merrill Lynch, Pierce, Fenner & Smith Incorporated, The Royal Bank of Scotland plc, Standard Chartered Bank and Deutsche Bank AG, Singapore Branch, in relation to Indian law..Amarchand team was led by Partner Prashant Gupta along with Principal Associate Designate Monal Mukherjee, Senior Associates Agnik Bhattacharyya and Shatarupa Dasgupta and Senior Associate Designate Apurva Rai..Latham & Watkins acted as International legal counsel to Vedanta Resources plc. The Latham team was led by Singapore Partners Rajiv Gupta and Timothy Hia, Hong Kong Partner David Miles and London Partner Lene Malthasen..The bonds are being offered and sold in two tranches, consisting of $1.2 billion aggregate principal amount of 6 per cent bonds due January 2019 and $500 million aggregate principal amount of 7.12 due May 2023, report NDTVProfit..This offering has been undertaken in order to refinance the US$ 3.5 billion term loan facility availed of by the Company in November 2010 in order to finance its acquisition of Cairn India Limited, which was concluded in December 2011.
