Muthoot Finance Limited has informed the Exchange about Pricing of USD 600 million 5.75% Fixed Rate Notes due 2030 under GMTN Programme
MUTHOOTFIN · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Muthoot Finance has priced a USD 600 million (around Rs 5,000+ crore) bond issue in the overseas market. The notes carry a fixed interest rate of 5.75% per annum and will mature in 2030, giving them roughly a 5-6 year tenor. The issuance is being done under the company's existing Global Medium Term Note (GMTN) Programme, which allows it to raise foreign currency debt from international investors. Proceeds are typically used for on-lending to gold loan customers and general business purposes.
Locks in long-term overseas funding at a competitive rate without diluting shareholders' equity. A successful large offshore bond issue may be seen positively by the market as it reflects investor confidence and diversifies the company's funding mix beyond domestic borrowings.