Muthoot Finance has announced a new mandate for a US$ bond issuance under its Global Medium Term Note (GMTN) Program. Deutsche Bank and Standard Chartered Bank are appointed as Joint Global Coordinators and Joint Bookrunners. Investor calls are scheduled across Asia, EMEA, and the United States on January 28, 2026. The offering involves a benchmark-sized 144A/Regulation S USD-denominated senior secured bond.
New Bond Mandate
Muthoot Finance has officially announced a new mandate for a US$ bond issuance under its existing Global Medium Term Note (GMTN) Program. The announcement specifies a proposed offering of Senior Secured Notes subject to market conditions and regulatory compliances. This move aims to tap into international capital markets to support the company’s growth and lending activities.
Key Appointments and Offering Details
Deutsche Bank and Standard Chartered Bank have been appointed as Joint Global Coordinators and Joint Bookrunners for this transaction. Investor calls are scheduled across Asia, EMEA, and the United States starting on January 28, 2026. The offering consists of a benchmark-sized 144A/Regulation S USD-denominated senior secured bond with a tenor of 4.5 years and a weighted average life of 4 years. Credit ratings for the notes are expected to be Bal by Moody’s and BB+ by S&P.
Use of Proceeds
The company intends to use the net proceeds from the bond issuance for onward lending and other permissible activities under the External Commercial Borrowings (ECB) guidelines. These activities will align with approvals granted by the Reserve Bank of India (RBI) and applicable laws.
Important Disclosures
The company also highlighted certain aspects of the offering, including compliance with the Hong Kong Securities and Futures Commission (SFC) Code of Conduct relating to bookbuilding and placing, and certain considerations for associated orders and proprietary orders.
Source: BSE
