Vedanta unit accepts bids worth $1.75 billion for three-tranche dollar debt, bankers say

Vedanta Resources Finance II raised $1.75 billion through a three-tranche dollar bond issuance, pricing 25 basis points below initial guidance. The bonds were priced at 7.00% (6-year, $500M), 7.375% (8-year, $700M), and 7.75% (11-year, $550M). Proceeds will refinance over $2 billion of higher-yielding debt, including buybacks of 9.475% 2030, 11.25% 2031, 9.125% 2032, and 9.85% 2033 notes.