Indian miner Vedanta completes $500m bond issue

Three banks have completed a $500m (€377m) bond issue for Vedanta Resources, the London-listed Indian mining group, in its first ever bond sale and the largest ever from a company with Indian assets.

ABN Amro, Barclays Capital and Deutsche Bank managed the bond issue for junk-rated Vedanta, which will channel much of the proceeds into its $2.2bn programme of growth projects in India.

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