Muthoot Finance prices $250m senior secured notes

Muthoot Finance (MUTHOOTFIN) announced the pricing of its U.S.$250 million, 6.375% senior secured notes due 2029, which will merge with the existing U.S.$400 million notes of the same series. Approved on March 19, 2025, by the Finance Committee, the notes will be consolidated under the USD 2 billion Global Medium Term Note Programme (GMTN). Scheduled for closing and settlement on March 26, 2025, the notes have a coupon rate of 6.375%, with interest payable semi-annually, beginning April 23, 2025. The proceeds will fund onward lending activities, compliant with RBI regulations and ECB guidelines. The secured notes will have staggered amortization payments beginning April 2028, with the final balance due April 23, 2029, and will be listed on NSE IFSC Limited.