Vedanta Plans Bond Sale to Repay Private Debt, Lower Costs (1)

Billionaire Anil Agarwal’s Vedanta Resources Ltd. plans to hold talks Monday with investors on a possible dollar bond sale whose proceeds would help repay higher-cost debt from private lenders.

The Indian minerals conglomerate appointed banks to arrange investor calls in Asia, Europe and the US for a seven-year note that cannot be called in the first two years, according to a person familiar with the matter who asked not to be identified as the discussions are private. The company intends to use the proceeds of the offering together with existing bank loans to repay the private debt, ...