Muthoot Finance Limited — Important, 19-03-2025: Updates
The Finance Committee of Muthoot Finance Limited has approved pricing for U.S.$250 million in Senior Secured Notes with a 6.375% coupon, consolidating them with another U.S.$400 million series due in 2029. The issue, part of the U.S.$2 billion Global Medium Term Note Programme, will finance onward lending activities permissible under current financial regulations. The notes are expected to be listed on NSE IFSC Limited, with settlement projected to take place on March 26, 2025. Interest payments are scheduled semi-annually starting on April 23, 2025, leading up to an average maturity in about 3.5 years. This funding initiative positions Muthoot Finance to enhance its lending capabilities, which should bode well for future growth and investor returns.
