Muthoot Microfin allots $15m in secured bonds

Muthoot Microfin Limited has allotted 1,500 secured, rated, listed, redeemable United States dollar denominated bonds, each with a face value of $10,000, totaling an aggregate nominal value of $15,000,000. This private placement was approved by the board of directors on May 8, 2025, with allotment taking place on October 9, 2025. The bonds have a tenure of 36 months, maturing on October 9, 2028.

These bonds will be listed on NSE IFSC Limited and/or India International Exchange (IFSC) (India INX) Limited. The coupon offered is 6 Months SOFR + 275 Bps, with semi-annual payments. A first-ranking exclusive and continuing charge will be created in favor of the trustee over identified receivables, book debts, and eligible portfolio loans, with a cover of 1.05x the outstanding principal amount and accrued interest.