Muthoot Finance prices US$150 million senior secured notes
MUTHOOTFIN · price
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Muthoot Finance priced US$150 million of 6.375% senior secured notes due March 2030, combining them with its US$600 million notes under the US$4 billion GMTN programme. The reopening price is 101.75% with a 5.863% yield to average life. Closing is expected on October 14, 2025, with listing on NSE IFSC proposed. Proceeds will fund onward lending. The notes are secured over current and future assets, loans and receivables, including gold loan receivables.
Adds US$150 million of funding for lending, supporting loan growth but increasing interest and repayment obligations for shareholders.