Rahul Gulati
Six international and India-based firms have advised on the issue of USD500 million 9.125% guaranteed senior bonds, due 2032, by Vedanta Resources Finance II, a subsidiary of Vedanta Resources.
TT&A acted for the joint managers – Barclays Bank, Citigroup Global Markets, JP Morgan Securities, Mashreq Bank, SMBC Nikko Securities (Hong Kong) and Standard Chartered Bank.
The TT&A team comprised partners Rahul Gulati and Priyanka Kumar, and associates Shrijaya Singh and Vishnu M.
Vedanta Resources, Twin Star Holdings, Welter Trading and Vedanta Holdings Mauritius II are guaranteeing the bonds.
Vedanta Resources Finance II and the guarantors were counselled by Linklaters Singapore on English and US federal law, Khaitan & Co on Indian law, and Pittas + Koullouros on Cypriot law.
Clifford Chance advised the joint global co-ordinators and managers on English and US federal law, while BLC Robert & Associates counselled on Mauritian law.
Vedanta Resources is a London-headquartered company with a diversified portfolio covering natural resources, metals, mining, oil and gas, and power generation. With core operations in India and a presence in Australia, Zambia, Namibia and South Africa, it produces zinc, lead, silver, aluminium, copper, iron ore, steel, and oil and gas.
