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Bond Market News
Vedanta Announces Redemption of 2028 and 2029 Dollar Bonds
July 15, 2026
– Vandit P
Vedanta Resources Finance II has announced the redemption of its 10.25% 2028s and 10.875% 2029s in full, set for 17 July 2026. The outstanding principal for 2028s and 2029s currently stand at $300mn and $1.2bn respectively. The notice states that Vedanta will redeem the 2028 bonds at 102.563% of the outstanding principal amount, plus accrued interest calculated up to but excluding the redemption date. Vedanta will redeem the 2029s at 100.0% of the outstanding principal amount, plus an aggregate applicable premium of $77.433mn, which translates to redemption price of ~106.45, along with accrued interest. The record date for payment entitlement will be the business day immediately preceding the redemption date.
Vedanta’s 7.75% 2037s traded stable at 99.7, yielding 7.8%.
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