Vedanta Resources is seeking to raise around $1.5 billion through a private bond offering, Reuters reports. The London-listed miner seeks to use the proceeds from the sale to fund its $9.6 billion acquisition of oil and gas firm, Cairn India.
The company has appointed Barclays Capital, Citigroup, Credit Suisse, Royal Bank of Scotland and Standard Chartered Bank as joint global coordinators. Vedanta has also named Goldman Sachs International and Morgan Stanley as joint bookrunners and UniCredit as co-manager.
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