EM-focused Vedanta begins one-week tender for 6% bonds and 8¼% bonds

By Susanna Moon

Chicago, July 27 – Vedanta Resources plc said it is tendering for its $774,772,000 6% bonds due 2019 and $900 million 8¼% bonds due 2021 until 8 a.m. ET on Aug. 3.

The purchase price for each $1,000 principal amount will be $1,053.75 for the 6% bonds and $1,117.50 for the 8¼% bonds.

Holders also will receive accrued interest to but excluding the settlement date of Aug. 9.

The tender is conditioned on the issue of new senior notes.

Vedanta plans to finance the tender using proceeds of the new bonds, according to a company announcement.

Tendered bonds may be withdrawn at any time before the offer ends.

The offers are being made independently of each other.

Barclays Bank plc (+44 20 3134 8515, 800 438-3242 or 212 528-7581), Credit Suisse (Hong Kong) Ltd. (+852 2101 6347), DBS Bank Ltd. (+65 6222 4261), J.P. Morgan Securities plc and Standard Chartered Bank (+852 3983 8369; +65 6557 8289, +44 20 7885 5739, 212 667-0351 or liability_management@sc.com) are the joint dealer managers.

D.F. King & Co., Inc. (212 269-5550, 866 387-7321, +44 20 7920 9700, +852 3953 7230, vedanta@dfkingltd.com or sites.dfkingltd.com/vedanta) is the information agent and tender agent.

Vedanta Resources is a London-listed natural resources company that produces aluminum, copper, zinc, lead, silver, iron ore, oil, gas and commercial energy. Vedanta has operations in India, Zambia, Namibia, South Africa, Ireland, Liberia, Australia and Sri Lanka.

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