Muthoot Finance raises $550 mn at 4.4% from international bond markets

Gold loan company Muthoot Finance Ltd announced on Friday that it has raised $550mn in senior secured notes for a three-and-half-year tenure. Following strong order book momentum supported by high quality real money investors, it was able to tighten the pricing by 35bps to 4.400%, the company added. The deal had 38% participation from Asia, 13% from Europe and 50% from the US.

Feb 21, 2020 12:02 IST Source : Business Standard

Muthoot Finance
Gold loan company Muthoot Finance Ltd announced on Friday that it has raised $550mn in senior secured notes for a three-and-half-year tenure. Following strong order book momentum supported by high quality real money investors, it was able to tighten the pricing by 35bps to 4.400%, the company added. The deal had 38% participation from Asia, 13% from Europe and 50% from the US.

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