"Vedanta Resources Issues $500 Million Bonds to Repay Debts and Support Corporate Growth"

Several law firms participated in the transaction involving Vedanta Resources Finance II plc's issuance of $500 million guaranteed senior bonds. Khaitan & Co advised the issuer and guarantors on Indian law, Linklaters Singapore provided counsel on English and US federal law, Pittas and Koullouros advised on Cypriot law, TT&A assisted the Joint Global Coordinators and Managers on Indian law, Clifford Chance advised on English and US federal law, and BLC Robert & Associates provided counsel on Mauritian law. The transaction involved Vedanta Resources Finance II plc issuing $500 million 9.125% guaranteed senior bonds due 2032 under Rule 144A/Regulation S of the U.S. Securities Act, 1933. The bonds were guaranteed by Vedanta Resources Limited, Twin Star Holdings Limited, Welter Trading Limited, and Vedanta Holdings Mauritius II Limited, and will be listed on the Singapore Stock Exchange. The issuance received final orders of over $1.6 billion, reflecting more than 3x oversubscription from investors across APAC, EMEA, and the US, with 97% participation from asset managers and fund managers. The net proceeds from the offering will be used by Vedanta to repay existing debts and for general corporate purposes. The legal teams involved in the transaction included: - **Khaitan & Co**: Manisha Shroff (Partner), Rajshekhar Upadhyaya (Principal Associate), Aparna Arya (Senior Associate), Nikunj Mehta (Senior Associate), and Satyawati Sinha (Associate). - **TT&A**: Rahul Gulati (Partner), Priyanka Kumar (Partner), Shrijaya Singh (Associate), and Vishnu M (Associate). - **Linklaters Singapore**, **Pittas and Koullouros**, **Clifford Chance**, and **BLC Robert & Associates**: Specific lawyers and their seniority were not mentioned in the press release.

"Vedanta Resources Issues $500 Million Bonds to Repay Debts and Support Corporate Growth"

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