The dollar bonds of\u00a0Vedanta Resources\u00a0slipped, with one dropping the most in more than three weeks, on news Indian billionaire Anil Agarwal is planning to\u00a0overhaul\u00a0his sprawling conglomerate to tackle its debts.<\/p>\n

All four junk-rated notes were indicated lower on Monday, Bloomberg-compiled data showed. The\u00a0August 2024\u00a0bond posted the biggest drop, down 0.6 cents on the dollar to 62.6 cents at 1:45 p.m. in Hong Kong, its biggest decline in more than three weeks. Of the four bonds, three were trading below the 80 cents-on-the-dollar mark typically considered distressed.<\/p>\n

Read More<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

The dollar bonds of\u00a0Vedanta Resources\u00a0slipped, with one dropping the most in more than three weeks, on news Indian billionaire Anil Agarwal is planning to\u00a0overhaul\u00a0his sprawling conglomerate to tackle its debts. All four junk-rated notes were indicated lower on Monday, Bloomberg-compiled data showed. The\u00a0August 2024\u00a0bond posted the biggest drop, down 0.6 cents on the dollar to […]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"pgc_meta":"","pagelayer_contact_templates":[],"_pagelayer_content":"","footnotes":""},"categories":[35,36,24],"tags":[],"class_list":["post-591","post","type-post","status-publish","format-standard","hentry","category-global","category-india","category-news"],"_links":{"self":[{"href":"https:\/\/paise.info\/wp-json\/wp\/v2\/posts\/591"}],"collection":[{"href":"https:\/\/paise.info\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/paise.info\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/paise.info\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/paise.info\/wp-json\/wp\/v2\/comments?post=591"}],"version-history":[{"count":1,"href":"https:\/\/paise.info\/wp-json\/wp\/v2\/posts\/591\/revisions"}],"predecessor-version":[{"id":592,"href":"https:\/\/paise.info\/wp-json\/wp\/v2\/posts\/591\/revisions\/592"}],"wp:attachment":[{"href":"https:\/\/paise.info\/wp-json\/wp\/v2\/media?parent=591"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/paise.info\/wp-json\/wp\/v2\/categories?post=591"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/paise.info\/wp-json\/wp\/v2\/tags?post=591"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}