Vedanta Resources PLC Repayment of Convertible Bonds (1602E)
July 14 2016 - 2:00AM
UK Regulatory
TIDMVED
RNS Number : 1602E
Vedanta Resources PLC
14 July 2016
Vedanta Resources plc
16 Berkeley Street
London W1J 8DZ
Tel: +44 (0) 20 7499 5900
Fax: +44 (0) 20 7491 8440
www.vedantaresources.com
Vedanta Resources plc
Repayment of Convertible Bonds
London, 14 July 2016 - Vedanta Resources plc announces that it
has repaid in full and redeemed the $514.8 million of outstanding
amount on its 5.5% 2016 convertible bonds due on 13th July
2016.
With this payment, all outstanding USD bond maturities due in
FY2017 at Vedanta Resources plc have been repaid (except the $8mn
of 4% convertible bonds due in March 2017). The next bond maturity
for Vedanta Resources plc is the 9.5% $750 million bond maturing in
July 2018.
Vedanta continues to actively manage its maturities and evaluate
various options to optimise its balance sheet and reduce financing
costs, including further bond buybacks. The company remains
committed to its stated Group strategy of deleveraging and
strengthening the balance sheet.
For further information, please contact:
Communications Finsbury
Roma Balwani Rebecca Fitchett
Group Communications & Sustainable Tel: +44 20 7251 3801
Development Vedanta@finsbury.com
Tel: +91 22 6646 1000
gc@vedanta.co.in
Investors
Ashwin Bajaj Tel: +91 22 6646 1531
Director - Investor Relations ir@vedanta.co.in
Radhika Arora
Associate General Manager
- Investor Relations
Ravindra Bhandari
Manager - Investor Relations
About Vedanta Resources plc
Vedanta Resources plc ("Vedanta") is a London listed diversified
global natural resources company. The group produces aluminium,
copper, zinc, lead, silver, iron ore, oil & gas and commercial
energy. Vedanta has operations in India, Zambia, Namibia, South
Africa, Ireland, Liberia and Australia. With an empowered talent
pool globally, Vedanta places strong emphasis on partnering with
all its stakeholders based on the core values of trust,
sustainability, growth, entrepreneurship, integrity, respect and
care. For more information, please visit
www.vedantaresources.com.
Disclaimer
This press release contains "forward-looking statements" - that
is, statements related to future, not past, events. In this
context, forward-looking statements often address our expected
future business and financial performance, and often contain words
such as "expects," "anticipates," "intends," "plans," "believes,"
"seeks," "should" or "will." Forward-looking statements by their
nature address matters that are, to different degrees, uncertain.
For us, uncertainties arise from the behaviour of financial and
metals markets including the London Metal Exchange, fluctuations in
interest and or exchange rates and metal prices; from future
integration of acquired businesses; and from numerous other matters
of national, regional and global scale, including those of a
political, economic, business, competitive or regulatory nature.
These uncertainties may cause our actual future results to be
materially different that those expressed in our forward-looking
statements. We do not undertake to update our forward-looking
statements.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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