Investors Kill Vedanta Bonds and How! – Economic time
Rio Tinto, a better investment grade company, is also comparable to Vedanta.
SynopsisThe mining giant’s sale of $ 1.4 billion bonds has been widely touted as a “desperate attempt” to raise funds, more than double the yield on bonds of similarly rated companies in the secondary market.
Mumbai: Vedanta Resources may have offered one of the highest yields on emerging market dollar bonds this…