Investment6 Oct 2025, 10:32 pm
Muthoot Finance Approves Pricing of US$ 150 Mn Senior Secured Notes
AI Summary
Muthoot Finance Ltd, a part of The Muthoot Group, has approved the pricing, tenure, and other terms of US$ 150,000,000 6.375% Senior Secured Notes due 2030. The notes will be consolidated and form a single series with the U.S.$ 600,000,000 6.375% Senior Secured Notes due 2030 under the USD 4 billion Global Medium Term Note Programme ('GMTN Programme'). The proceeds will be used for onward lending activities as permitted by the Foreign Exchange Management (Borrowing and Lending) Regulations 2018 and the ECB Guidelines. The notes are proposed to be listed on NSE IFSC Limited.
Key Highlights
- Muthoot Finance approved the pricing of US$ 150 Mn Senior Secured Notes.
- The notes will be consolidated and form a single series with the existing US$ 600 Mn notes under the GMTN Programme.
- The proceeds will be used for onward lending activities as permitted by the relevant regulations and guidelines.
- The notes are proposed to be listed on NSE IFSC Limited.