
Investment3 Sept 2025, 03:37 pm
Muthoot Finance Ltd. Settles US$ 600 Mn ECB Securities under Global Medium Term Note Programme
AI Summary
Muthoot Finance Limited, a leading NBFC in India, has approved the settlement and allotment of US$ 600 million 6.375% Senior Secured Notes due 2030 under the US$ 2 billion Global Medium Term Note Programme. The notes, which will be listed on the NSE IFSC Limited, are in accordance with Regulation 144A/ Regulation S of the U.S. Securities Act, 1933, as amended and applicable Indian regulations. The notes offer a coupon of 6.375% with interest payment dates on 2 March and 2 September each year, starting from 2 March 2026. The net proceeds from the notes will be applied for onward lending and other activities as permitted by the ECB Guidelines and RBI approvals.
Key Highlights
- Muthoot Finance settles US$ 600 million under Global Medium Term Note Programme.
- Notes to be listed on the NSE IFSC Limited.
- Offering a coupon of 6.375% with bi-annual interest payments.
- Net proceeds to be used for onward lending and other activities as per ECB Guidelines and RBI approvals.