Oaktree: Oaktree invests Rs 1,600 crore in Sesa’s bonds
Mumbai: An Oaktree Capital fund invested ₹1,600 crore in 18-month bonds raised by Sesa Resources, a wholly owned subsidiary of Mumbai-listed Vedanta, people with knowledge of the matter told ET. The bonds are initially garnered at a 10% coupon but will be raised to 15% in the event of a default, they added. The funds … Read more
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