Vedanta Resources Ltd. plans to launch its second dollar bond offering in two months to assess investor interest in Indian offshore debt.
The London-based mining company, which primarily operates in India, will issue a callable note divided into two parts with maturities of 3.5 years and seven years.
The initial price guidance for the bonds is in the range of 10.375% to 11.375%.
This move follows the recent US indictment of Gautam Adani, the founder of the Adani Group, which has raised concerns about the market sentiment towards Indian corporate debt.