Muthoot Finance issues $150m senior secured notes due 2030

Muthoot Finance Limited announced the successful settlement of $150 million in 6.375% senior secured notes due 2030. These new notes will be consolidated into a single series with the existing $600 million 6.375% senior secured notes due 2030, under the company's $4 billion global medium term note programme. The settlement date for this issuance was October 14, 2025.

The notes carry an average maturity of 3.88 years with a coupon of 6.375%. Interest payments are scheduled bi-annually on March 2 and September 2, commencing March 2, 2026. Principal amortization begins March 2, 2029, with subsequent payments in June, September, and December 2029, and the final balance due March 2, 2030.

Proceeds from the issuance will be used for onward lending and other activities permitted under ECB guidelines and applicable law. The notes are listed on the NSE IFSC Limited and are secured by a first-ranking pari passu charge over all current assets, book-debts, loans, and gold loan receivables, both present and future, with certain exclusions.