Coimbatore ; Metals and mining giant Vedanta Resources Ltd on Friday said it has made an upfront payment of USD 779 million to its bondholders and completed repayments as part of the debt restructuring exercise. The upfront payment to the bondholders was made on Wednesday, Vedanta Resources Ltd (VRL) said in a statement. VRL completed repayments to its bondholders on February 7, 2024, in line with the consents it received earlier in the year in which maturities of USD 3.2 billion in bonds were successfully extended to 2029, the statement said. Vedanta Resources has successfully made an upfront payment of USD 779 million in cash to bondholders to redeem a portion of the bonds and extend their maturities.It has also paid a consent fee of USD 68 million to the bondholders who had agreed to the restructuring, the company had said earlier. Vedanta in January received consent from bondholders to restructure four series of bonds to ease its massive debt burden. These series of bonds include two of USD 1 billion each that were due for maturity in 2024, one USD 1.2 billion bond in 2025 and one USD 600 million in 2026.VRL in December had secured a USD 1.25 billion loan from private credit lenders to refinance/repay part of the USD 3.2 billion debt maturing in 2024 and 2025. Vedanta Group announced a significant demerger and reorganization plan in September last year. The move will recast the Vedanta Group across 17 major businesses, the statement said.”Each of the businesses has world-class management leadership, employs the latest cutting-edge technologies, have import substitution and fulfilment of domestic demand as a core proposition. They also offer high quality and diversified investment opportunities to institutional and retail investors alike,” the statement said. Vedanta has a unique portfolio of assets among Indian and global companies with metals and minerals – zinc, silver, lead, aluminum, chromium, copper, nickel; oil and gas; a traditional ferrous vertical including iron ore and steel; and power, including coal and renewable energy; and is now foraying into manufacturing of semiconductors and display glass.