Muthoot Finance Limited has informed the Exchange regarding 'Pricing of US$ 600 Mn ECB'.
MUTHOOTFIN · price
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Muthoot Finance has priced a US$ 600 million (approx. ₹5,250+ crore) bond issuance in the overseas market. The notes carry a fixed coupon of 6.375% per annum, with an average maturity of 4 years (issue date September 2, 2025; maturity March 2, 2030). The bonds were priced at 99.996% of face value (essentially at par) and will be listed on NSE IFSC. This is part of the company's existing USD 2 billion Global Medium Term Note (GMTN) Programme. Proceeds will be used for onward lending activities, likely supporting its core gold loan business. A first-ranking pari passu charge has been created over the company's receivables, including gold loan receivables, as collateral.
This successful offshore bond pricing at a competitive 6.375% rate reflects strong global investor confidence in Muthoot Finance's credit profile and provides cheaper, diversified funding to grow its lending book. For shareholders, this expands the company's borrowing capacity and supports business growth, though it also adds forex-linked liabilities to the balance sheet.