Vedanta Resources Lines Up $5.2 Bn Debt Refinancing after Credit Rating Upgrades
Published on: June 9, 2026, 2:32 p.m. | Source: Outlook Business
Vedanta Resources, led by billionaire Anil Agarwal, plans to refinance $5.2 billion in US dollar bonds and loans to cut borrowing costs after recent S&P and Moody’s upgrades. The UK-based conglomerate has hired global banks including Barclays, Citi, Deutsche Bank and JPMorgan to smooth its debt maturity profile, reduce funding costs by up to 300 basis points and support the demerger of its India-listed unit Vedanta into five focused businesses.
