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Bond Buy Back Announcement

20th Jan 2016 16:35

RNS Number : 4978M
Vedanta Resources PLC
20 January 2016
 

20 January 2016

Bond Buy Back Announcement

Vedanta Resources plc (the "Company") today announces, further to its announcement on 19 January 2016, the purchase of U.S.$227,400,000 in aggregate principal amount of the U.S.$1,250,000,000 5.50 per cent. Guaranteed Convertible Bonds due 2016 of Vedanta Resources Jersey Limited (the "Issuer") (the "Bonds") pursuant to launch of an invitation to the holders of the Bonds to tender their Bonds for sale to the Company.

Following this purchase and earlier redemptions and conversions, U.S.$904,100,000 of the above Bonds remain outstanding.

In accordance with the Terms and Conditions of the Bonds the purchased Bonds may either be surrendered by the Company, at its sole discretion, to the Issuer for cancellation or be held until their maturity date.

 

For further information, please contact:

Communications

Finsbury

Roma Balwani

President - Group Communications, Sustainability

and CSR

Tel: +91 22 6646 1000

[email protected]

 

Daniela Fleischmann

Tel: +44 20 7251 3801

Investors

Ashwin Bajaj

Director - Investor Relations

 

Radhika Arora

Associate General Manager - Investor Relations

 

Ravindra Bhandari

Manager - Investor Relations

Tel: +44 20 7659 4732

Tel: +91 22 6646 1531

[email protected]

About Vedanta Resources

Vedanta Resources plc ("Vedanta") is a London listed diversified global natural resources company. The group produces aluminium, copper, zinc, lead, silver, iron ore, oil & gas and commercial energy. Vedanta has operations in India, Zambia, Namibia, South Africa, Ireland, Liberia, Australia and Sri Lanka. With an empowered talent pool globally, Vedanta places strong emphasis on partnering with all its stakeholders based on the core values of trust, sustainability, growth, entrepreneurship, integrity, respect and care. For more information, please visit www.vedantaresources.com.

Disclaimer

This press release contains "forward-looking statements" - that is, statements related to future, not past, events. In this context, forward-looking statements often address our expected future business and financial performance, and often contain words such as "expects," "anticipates," "intends," "plans," "believes," "seeks," "should" or "will." Forward-looking statements by their nature address matters that are, to different degrees, uncertain. For us, uncertainties arise from the behaviour of financial and metals markets including the London Metal Exchange, fluctuations in interest and/or exchange rates and metal prices; from future integration of acquired businesses; and from numerous other matters of national, regional and global scale, including those of a political, economic, business, competitive or regulatory nature. These uncertainties may cause our actual future results to be materially different that those expressed in our forward-looking statements. We do not undertake to update our forward-looking statements.

 

 

This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
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