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Volatility in Vedanta bonds rises as group plans to reduce debt

Business Standard

|

March 31, 2023

The overseas bonds of Vedanta Resources, the holding company of Vedanta group, are witnessing sharp volatility as the Anil Agarwal-owned group races to cut its debt by declaring higher dividend payouts from its Indian arms.

- DEV CHATTERJEE

Volatility in Vedanta bonds rises as group plans to reduce debt

Statistics since January this year to date shows that Vedanta Resources bonds maturing next year fell by 5.07 per cent while its US Dollar denominated bonds fell by 5.29 per cent year to date. The bonds are witnessing sharp volatility as several rating firms raised red flags over the group's debt repayment. Vedanta Resources bonds maturing in 2026 fell by 5.74 per cent since January (see chart).

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