Debt

Debt financing

Muthoot Finance raises $400-M via USD notes

BSE Announcement   Business Standard  

Listed, Kochi-based gold loan financier Muthoot Finance has raised USD 400 million (approximately INR 3,350 crore) by issuing senior secured USD notes. The notes carry a coupon rate of 6.375 per cent and have a door-to-door maturity of 4.5 years, with an average maturity period of 4 years. The issue received participation from over 125 investors across the globe. The bonds are rated ‘BB’ by Fitch and S&P ratings. Deutsche Bank and Standard Chartered Bank were the arrangers and dealers for the issuance.