Vedanta closes region's biggest high-yield bond

Vedanta raises $1.7 billion from a jumbo bond to take out a bridge loan for the Cairn India acquisition.

<div style="text-align: left;"> Vedanta's bond will be used to finance its acquisition of Cairn India </div>

Denise Wee

May 24, 2013

Anil Agarwal-controlled Vedanta Resources closed a $1.7 billion jumbo bond early Thursday morning — the biggest high-yield bond from Asia ex-Japan. It was also the largest dollar bond from an Indian company.

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