Muthoot Finance raises $600 million via overseas dollar bonds

Mumbai: Muthoot Finance tapped the overseas debt market on Thursday, raising around $600 million through a senior secured, amortising 4.5-year US dollar bond, according to people familiar with the matter.

The bond was launched with initial price guidance in the 6.125% area. However, it was priced at a much tighter price of about 5.75%. The 144A/Reg S notes are secured against the company's current assets, including loans and advances and gold loan receivables. The bond has a weighted average life of about four years. Deutsche Bank and Standard Chartered acted as global coordinators and joint bookrunners.

This marks the third overseas bond issuance by Muthoot Finance over the past year. The gold loan lender had earlier raised funds through a US dollar bond issuance and later tapped the bond in 2025.