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Vedanta Resources cancels US$616.7M of 5.5% bonds due this year

VedantaResources Plc said July 6 that it has canceled US$616.7 million ofits 5.5% guaranteed convertible bonds due this year.

The company will have about US$514.8 million of bondsoutstanding following the cancellation.

In May, Vedanta canceled US$69.6 million of 6.75% notes due this year.