Muthoot Finance has completed the pre-payment of external commercial borrowings to the tune of $225 million on April 13, 2023. Consequent upon the pre-payment of the external commercial borrowings, the company has initiated steps for cancellation of the Senior Secured Notes issued by the company under the GMTN Programme and 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.