Vedanta mulls 1st dollar bond sale of $500 million

The Indian mining company controlled by billionaire Anil Agarwal is considering tapping bond markets for at least $500 million in a debut overseas issuance, according to two people familiar with the proposal.

Vedanta Ltd. is discussing the plan with lenders and seeking legal opinions about the potential sale, according to the people, who asked not to be identified discussing non-public issues.