Muthoot Finance settles $600m notes under GMTN programme

Muthoot Finance Limited has announced the settlement and allotment of $600 million 6.375% senior secured notes due 2030, under its $2 billion Global Medium Term Note (GMTN) Programme. The decision was approved by the finance committee of the board of directors on September 02, 2025.

These notes have an issue price of 99.996% and an issue date of September 02, 2025, with a maturity date of March 02, 2030. The interest coupon is 6.375%, payable semi-annually on March 2 and September 2, commencing March 2, 2026. Principal amortization will occur in five payments, starting March 02, 2029, with the final payment on March 02, 2030.

The notes will be listed on the NSE IFSC Limited. The proceeds from the issue will be used for onward lending and other activities as permitted by ECB Guidelines, in accordance with approvals from the RBI. The notes are secured by a first-ranking pari passu charge over current assets and receivables, including gold loan receivables.