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9 Aug 2021

Vedanta is being forced to pay high yields to refinance debt

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Vedanta is issuing high yield bonds to repar debt maturing in 2021, indicating that the company does not have funds generated internally to service its short term debt. This is very negative for the credit as if the company is not able to start generating funds to service debt, the high interest cost for such new debt can prove to be a huge credit negative factor.

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Subhasis Mishra
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