Vedanta plans to meet investors as it faces $2 billion debt bill
Vedanta Resources Ltd. is planning to meet bondholders in Singapore and Hong Kong, people familiar with the matter said, as the junk-rated Indian miner faces repayment of about $2 billion of notes next year.The non-deal roadshow would take place as soon as next week, said some of the people, who asked not to be named because the matter is private. JPMorgan Chase & Co. and Standard Chartered Plc are helping to organize the event, according to others.The global increase in borrowing costs has raised the stakes for billionaire Anil Agarwal’s firm, which must redeem a record amount of bonds next year. Several of the group’s bonds are trading below 75 cents on the dollar, at levels considered indicative of distress. S&P Global Ratings lowered its outlook on Vedanta’s B- rating to negat...