
Investment26 Mar 2025, 06:44 pm
Muthoot Finance Ltd Settles US$ 250 Mn ECB under Global Medium Term Note Programme
AI Summary
Muthoot Finance Ltd, in its recent development, has approved the issuance, settlement, and allotment of US$ 250,000,000 6.375% Senior Secured Notes due 2029. These notes will be consolidated and form a single series with the existing US$400,000,000 6.375% Senior Secured Notes due 2029, under the US$ 2 billion Global Medium Term Note Programme ('GMTN Programme'). The issuance is in accordance with Regulation S of the U.S. Securities Act, 1933, as amended, and applicable Indian regulations. The notes will be listed on the NSE IFSC Limited.
Key Highlights
- Muthoot Finance Ltd settles US$ 250 Mn ECB under Global Medium Term Note Programme
- The settlement includes US$ 250,000,000 6.375% Senior Secured Notes due 2029
- These notes will be consolidated with existing US$400,000,000 6.375% Senior Secured Notes due 2029
- The issuance is pursuant to Regulation S of the U.S. Securities Act, 1933, as amended, and applicable Indian regulations
- The notes will be listed on the NSE IFSC Limited