Muthoot Finance has successfully priced USD 600 million in fixed-rate notes due in 2030, with a coupon rate of 5.75%. These notes are part of the company’s USD 4 billion Global Medium Term Note Programme. The proceeds will be used for onward lending activities in accordance with applicable regulations. The notes are proposed to be listed on NSE IFSC Limited.
New Notes Offering
Muthoot Finance has announced the pricing of its USD 600 million 5.75% Fixed Rate Notes due 2030, under its USD 4 billion Global Medium Term Note Programme. The Finance Committee approved the pricing, tenure, and terms of the notes on January 29, 2026.
Use of Proceeds
The company will utilize the proceeds from the notes for onward lending activities, as permitted under Foreign Exchange Management Regulations. This is in line with RBI guidelines and other applicable laws.
Note Details
The notes have an average maturity of approximately 4 years. The issue date is set for February 04, 2026, with a maturity date of August 04, 2030. Interest will be paid semi-annually on February 4th and August 4th, commencing on August 4th, 2026.
Amortization Schedule
The principal will be amortized as follows:
- August 04, 2029: 1st amortization payment
- November 04, 2029: 2nd amortization payment
- February 04, 2030: 3rd amortization payment
- May 04, 2030: 4th amortization payment
- August 04, 2030: 5th and Balance principal payment
Listing
These Notes are proposed to be listed on the NSE IFSC Limited.
Source: BSE
