Vedanta Resources PLC Vedanta wins awards for Best High-Yield Bond (3261Y)

TIDMVED

RNS Number : 3261Y

Vedanta Resources PLC

04 December 2017

Vedanta Resources plc

16 Berkeley Street

London W1J 8DZ

Tel: [phone]

Fax: [phone]

www.vedantaresources.com

4 December 2017

Vedanta Resources receives two awards for Best High-Yield Bond

   --    Vedanta recognised for "Best High-Yield Bond" in Asia by FinanceAsia 

-- Vedanta recognised for "Best High-Yield Bond"/ Best Liability Management in South Asia by The Asset

London, December 4, 2017 - Vedanta Resources plc ("Vedanta") is pleased to announce that its US$ 1.0 billion bond issuance due in July 2022 has been awarded "Best High-Yield Bond" by two leading financial publications, FinanceAsia and The Asset.

These bonds were issued in January 2017 to proactively refinance Vedanta's 2018 and 2019 bonds through a tender offer. The issue received strong investor demand and was oversubscribed three times across the U.S, EMEA region and Asia, underlining Vedanta's extensive access to the capital markets and diversified funding sources.

Arun Kumar GR, Chief Financial Officer of Vedanta Resources said: "We are delighted to have won these prestigious awards, which highlight the market's widespread support for Vedanta's credit story. We have taken a number of proactive measures over the last year to extend maturities, optimise our funding structure and strengthen our balance sheet. We are committed to continuing to deliver on our financial priorities of disciplined capital allocation, increasing free cash flow and de-leveraging to ensure superior returns for all our stakeholders".

FinanceAsia

FinanceAsia is a leading online provider of daily news and analysis of capital markets and corporate finance across Asia's biggest markets. FinanceAsia was established to cover investment banking, capital markets and strategic corporate finance in Asia Pacific. Its audience includes corporate CFOs, CEOs, bank and broker executives and portfolio managers. FinanceAsia is a publication of Haymarket Financial Media. Vedanta was selected by FinanceAsia's editorial team, with the period of consideration between 1 December 2016 and 27 November 2017. The winners are announced and published in November 2017.

The Asset

The Asset is a monthly finance magazine, and is part of Asset Publishing and Research Ltd, an integrated multi-media company serving the corporate and financial community of Asia. The awards use a rigorous selection process and are adjudicated by The Asset's Board of Editors and the Asset Benchmark Research team who have several decades' worth of experience evaluating awards in Asia.

For further information, please contact:

 
 Communications                    Finsbury 
 Arun Arora                        Daniela Fleischmann 
  Head, Corporate Communications    Tel: [phone] 
  Tel: [phone] 
  [e-mail] 
 Investors 
 Ashwin Bajaj                      Tel: [phone] 
  Director - Investor Relations     Tel: [phone] 
                                    [e-mail] 
 
  Sunila Martis 
  Associate General Manager 
  - Investor Relations 
 
  Veena Sankaran 
  Manager - Investor Relations 
 

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 and Australia. 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. To access the Vedanta Sustainable Development Report 2017, please visit http://www.vedantaresources.com/media/214366/vedanta_sd_report_2016-17.pdf. For more information on Vedanta Resources, 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

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December 04, 2017 09:51 ET (14:51 GMT)