Muthoot Finance raises $600 million in senior secured notes at 6.375%

Kolkata: India's largest gold loan company Muthoot Finance has raised $600 million in senior secured notes at 6.375% coupon. The company's board on Wednesday approved the settlement and allotment of the issue maturing in 2030 under its $2-billion global medium term note programme.

The instruments will mature on March 2, 2023. Meanwhile, Muthoot Microfin, a part of Muthoot Pappachan group, has received its board approval for fund-raising through dollar-denominated and local bonds on private placement basis.