The bond was launched with initial price guidance in the 6.125% area. However, it was priced at a much tighter price of about 5.75%. The 144A/Reg S notes are secured against the company’s current assets, including loans and advances and gold loan receivables. The bond has a weighted average life of about four years. Deutsche Bank and Standard Chartered acted as global coordinators and joint bookrunners.
This marks the third overseas bond issuance by Muthoot Finance over the past year. The gold loan lender had earlier raised funds through a US dollar bond issuance and later tapped the bond in 2025.
Muthoot Finance successfully raised $600 million through a four-and-a-half-year dollar bond offering, securing a yield of 5.75%, lower than initially anticipated. This move, aimed at funding lending operations, follows similar successful issuances last year. Analysts view the company’s fundamentals positively, anticipating further bond activity. This marks India’s third dollar bond sale this year.
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