Muthoot Finance has raised $550 million in fixed rate senior secured note issued for a three-and-a-half-year tenor at 4.4 per cent. This is the second bond issue from the company. The company had placed 450 million dollars for a three-year tenor at 6.125 per cent in October last year.
The proceeds of the issue will be used for permitted purposes including onward lending in accordance with RBI's external commercial borrowings guidelines and other applicable laws. The bonds will be listed on the International Securities Market of the London Stock Exchange.
Muthoot Finance is a non-banking financial company (NBFC), which is engaged in providing loan (financing) against collateral of gold jewelry. The company offers gold loans, foreign inward money transfer services, foreign exchange services, insurance broking etc.
