The bond was launched with initial price guidance near 6.125%. However, it was priced at a much more competitive rate of around 5.75%. The 144A/Reg S notes are backed by the company’s current assets, including loans and advances and gold loan receivables. The bond has a weighted average life of approximately four years. Deutsche Bank and Standard Chartered acted as global coordinators and joint bookrunners.
This is the third foreign bond issuance by Muthoot Finance in the past year. The gold lender had earlier raised money through US dollar bond issuance and later leveraged the bond in 2025.
Muthoot Finance has successfully raised approximately $600 million through a senior secured bond in US dollars. The 4.5-year bond backed by corporate assets was priced at a tighter-than-expected 5.75%. This is the company’s third foreign bond issuance in the past year.
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