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Vedanta Resources repays US$514.8M worth of 5.5% bonds due this year

VedantaResources Plc has repaid US$514.8 million worth of 5.5% convertiblebonds due July 13.

The company said July 14 that it has now repaid all outstandingU.S.-dollar-denominated bonds due in the 2017 financial year, except for US$8million worth of 4% convertible bonds due in March 2017.

The next bond maturity is the 9.5% US$750 million bond duein July 2018.

Earlier in July, Vedanta canceled US$616.7 million of its 5.5% guaranteedconvertible bonds due this year after canceling US$69.6million of 6.75% notes due this year.