Vedanta raises funds at higher rates amid company rejig: bankers

Indian company Vedanta Ltd, a subsidiary of Vedanta Resources, has raised INR 25 billion ($301.06 million) through the sale of bonds with an 18-month maturity at higher rates. The coupon for the bonds is set at 12%, payable on a quarterly basis, resulting in an annualised rate of around 13%. https://ift.tt/qvusrty