Vedanta Resources Ltd. has successfully priced its third dollar-bond sale in two months, raising $800 million through callable notes in 3.5- and 7-year tranches.

This move comes shortly after the US indictment of Adani Group founder Gautam Adani, which led to a brief pause in the deal due to market volatility.

The proceeds from this offering will be utilized to refinance outstanding bonds maturing in 2028.

The recent bond sale saw both tranches tighten by 12.5 basis points from their initial pricing of 10.25% and 11.25%, attracting combined orders exceeding $1.19 billion.

Vedanta, controlled by Indian billionaire Anil Agarwal, had previously delayed the transaction following the Adani indictment, which resulted in the Adani Group canceling its own dollar bond sale just hours before the news broke.