Investment20 Mar 2025, 03:43 am
Muthoot Finance Ltd Approves Pricing of US$ 250 Mn GMTN Securities
AI Summary
Muthoot Finance Limited, a part of The Muthoot Group, has approved the pricing, tenure, and other terms of US$ 250,000,000 6.375% Senior Secured Notes due 2029 (Notes) under the USD 2 billion Global Medium Term Note Programme (GMTN Programme). The proceeds of the Notes will be used for onward lending activities as permitted by the Foreign Exchange Management (Borrowing and Lending) Regulations 2018, the circulars issued by the Reserve Bank of India, ECB Guidelines, and other applicable laws. The Notes are proposed to be listed on NSE IFSC Limited. The meeting was held on March 19, 2025, from 09:45 PM to 10:00 PM (IST).
Key Highlights
- Muthoot Finance Ltd approved the pricing of US$ 250 Mn GMTN Securities.
- The proceeds will be used for onward lending activities as permitted by regulations.
- The Notes are proposed to be listed on NSE IFSC Limited.
- The meeting was held on March 19, 2025.
- The Muthoot Group is the parent company of Muthoot Finance Limited.