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    Investors make a killing on Vedanta bonds & how!

    Rio Tinto, a company with a higher investment grade, is also comparable with Vedanta.

    Synopsis

    The $1.4 billion bond sale by the mining giant was widely billed as a “desperate attempt” to raise money, at more than double the yield of similarly rated company bonds in the secondary market.

    Mumbai: Vedanta Resources may have offered one of the highest yields on dollar bonds in the emerging markets this year, but early-bird investors have likely already made a profit in the first few days since the primary sale last week.The $1.4 billion bond sale by the mining giant was widely billed as a “desperate attempt” to raise money, at more than double the yield of similarly rated company bonds in the secondary market.Vedanta bonds now
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    The Economic Times