Muthoot Finance raises USD 600M via 5.75 percent senior secured notes due 2030
MUTHOOTFIN · price
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On the reaction day the stock moved 3.0 pts more than Nifty 100 and 3.1 pts more than its Non Banking Financial Company (NBFC) peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Muthoot Finance has issued and settled USD 600 million (about Rs 5,200 crore) senior secured notes at 5.75 percent coupon under its USD 4 billion Global Medium Term Note Programme. The notes mature in August 2030 with an average maturity of 4 years, issued at 99.997 percent of face value, and are listed on NSE IFSC. Repayment is in 5 amortizations starting August 2029. Proceeds will be used for onward lending as permitted under RBI ECB guidelines.
Diversifies funding via cheaper offshore debt at 5.75 percent with no equity dilution. Supports gold loan growth but adds FX and refinancing obligations.