Vedanta Resources’ $1 Billion high yield senior un-secured Notes Offering

Khaitan & Co acted as the sole Indian legal adviser to Vedanta Resources Finance II Plc (Issuer) and Vedanta Resources Limited (Guarantor) in relation to the dual-tranche high yield senior un-secured USD bond offering.

Vedanta Resources executed its $1 billion two tranches 8.75% percent with average maturity is 5.8 years notes offering

The company intends to use the net proceeds primarily to repay debt of the company, it said.

The bonds, which were sold in two tranches, attracted interest from global investors across Europe, North America and Asia, it said.

Credit Suisse (Hong Kong), J P Morgan Securities Plc and Standard Chartered Bank acted as joint global coordinators, joint lead managers and joint bookrunners.

Khaitan & Co acted as the sole Indian legal adviser to Vedanta Resources Finance II Plc and Vedanta Resources Limited with a team including Manisha Shroff (Picture), Oishik Bagchi, Rolwine Alva, Meenakshi Kurpad, Enakshi Jha, Raghav Bhatia and Sharvarie Sohoni.

Involved fees earner: Manisha Shroff – Khaitan & Co.;

Law Firms: Khaitan & Co.;

Clients: Vedanta Resources Plc.;