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Vedanta paid $779 million to bondholders

New Delhi: Metal and mining giant Vedanta Resources said on Friday it had paid $779 million upfront bond holder and completed repayment as part of debt restructuring Exercise.
Vedanta completed repayment to its bondholders on 7 February. This was done in line with the consent received earlier in the year, where the maturity period of $3.2 billion in bonds was successfully extended to 2029, Vedanta said in a statement.
“Vedanta Resources has successfully made a cash advance payment of $779 million to bondholders on February 7 to redeem a portion of the bonds and extend their maturity,” the company promoted by billionaire Anil Agarwal said.
It also paid a consent fee of $68 million to bondholders who agreed to the restructuring.

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