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Muthoot Finance raises $550 mn at 4.4% from international bond markets

Second bond issue from the firm after it placed $450 mn for 3-year tenor at 6.13% in Oct 2019

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T E Narasimhan Chennai
Muthoot Finance announced Friday that it had raised $550 million in fixed rate senior secured note issued for a three-and-a-half-year tenor at 4.4 per cent. 

This is the second bond issue from the company. It had placed $450 million for three-year tenor at 6.13 per cent in October 2019, as part of a $2-billion global medium-term note programme.

The proceeds will be used for onward lending in accordance with Reserve Bank of India’s external commercial borrowings (ECB) guidelines and other applicable laws, among other things. The bonds will be listed on the International Securities Market of the London Stock Exchange.

MG George Muthoot,

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First Published: Feb 21 2020 | 6:04 PM IST

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