Board of Muthoot Finance approves pricing of USD 550 mn 4.40% senior notes

On 20 February 2020

Feb 21, 2020 11:02 IST capital market

The Finance Committee of Board of Directors of Muthoot Finance at its meeting held on 20 February 2020 has approved the pricing, tenure and other terms of the Notes under the USD 2 billion GMTN Programme. The proceeds of the Notes will be used by the Company for onward lending.

Notes are proposed to be listed on International Securities Market of London Stock Exchange.

Pricing details -
Size of the issue : USD 550 million
Pricing Date: 20 February 2020
Issue Date: 02 March 2020
Tenure of the instrument - 3 ? Years
Date of Allotment - 02 March 2020
Date of Maturity - 02 September 2023
Coupon - 4.40% (Fixed Rate, Semi-Annual, 30/360)

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