Vedanta Readies $5.2 Billion Refinancing After Rating Upgrades

Vedanta Readies $5.2 Billion Refinancing After Rating Upgrades

Billionaire Anil Agarwal’s Vedanta Resources Ltd. is set to refinance $5.2 billion of US dollar bonds and loans, according to people familiar with the matter, as it seeks to lower borrowing costs by replacing expensive debt after securing credit-rating upgrades.

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