Muthoot Finance Limited has announced its plan to raise funds through a 144A/Regulation S USD-denominated senior secured bond offering. The decision was made public on August 25, 2025, following board discussions and necessary regulatory filings. The funds will be raised via a global medium-term note (GMTN) programme.
The senior secured notes are proposed to be issued under the existing GMTN Programme, subject to market conditions and regulatory compliances. The announcement was made to Bloomberg today.
The notes, expected to be rated BB+ by S&P, will have a tenor of 4.5 years door to door and a weighted average life of 4 years.
Deutsche Bank and Standard Chartered Bank have been appointed as Joint Global Coordinators and Joint Bookrunners to manage the offering. A fixed income investor conference call is scheduled for August 25, 2025.
The issuer, Muthoot Finance Limited, is rated Bal/Stable by Moody's and BB+/Stable by Fitch. The company is listed on both the BSE Limited and the National Stock Exchange of India Limited (NSE).
The proceeds from the notes will be used for onward lending and other activities as permitted under the ECB Guidelines, subject to approvals from the RBI and other applicable laws.
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