Vedanta opens Indian high-yield bond market

Billionaire Anil Agarwal's London-listed mining group raises $1 billion in a five-and-a-half year deal to take out part of its outstanding bonds.

Vedanta Resources, the mining and energy group founded by billionaire Anil Agarwal, became the first Indian issuer to sell a high-yield dollar bond this year, raising $1 billion from a five-and-a-half year bond early on Wednesday morning.

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