Muthoot Finance has priced its U.S.$ 150 million senior secured notes due 2030, which will consolidate with the existing U.S.$ 600 million notes. The notes, with a 6.375% coupon, are part of its USD 4 billion Global Medium Term Note Programme. Proceeds will fund onward lending activities, with the pricing supplement signed on October 6, 2025. Listing is planned on NSE IFSC Limited.
Senior Notes Offering
Muthoot Finance has announced the pricing of its U.S.$ 150 million 6.375% Senior Secured Notes due 2030. These notes will be consolidated to form a single series with the existing U.S.$ 600,000,000 6.375% Senior Secured Notes due 2030, under the USD 4 billion Global Medium Term Note Programme.
Use of Proceeds and Details
The proceeds from the notes will be used by the Company for onward lending activities. The Finance Committee of the Board of Directors approved the pricing, tenure, and other terms of the notes on October 6, 2025.
Key Dates and Information
The company signed the pricing supplement regarding this matter on October 6, 2025. Key details of the notes include:
- Issuer: Muthoot Finance Limited
- Size of the issue: US$ 150 million to be consolidated with existing notes
- Listing: Proposed on NSE IFSC Limited
- Average Maturity: 3.88 Years
- Issue Date: October 14, 2025
- Maturity Date: March 02, 2030
- Coupon: 6.375%
Amortization Schedule
The principal will be repaid in installments, commencing in 2029:
- 1st Amortization Payment: March 02, 2029
- 2nd Amortization Payment: June 02, 2029
- 3rd Amortization Payment: September 02, 2029
- 4th Amortization Payment: December 02, 2029
- Final Payment: March 02, 2030 (balance of principal)
Interest Payments
Interest will be paid semi-annually on March 02 and September 02, starting March 02, 2026.
Security
The notes are secured by a first-ranking pari passu charge over the company’s current assets, book debts, loans, advances, and receivables, including gold loan receivables.
Pricing and Settlement
The re-opening issue price is 101.75, resulting in a yield of 5.863% to the average life, plus accrued interest from September 2, 2025 (excluding the issue date). Closing and settlement is expected within 5 working days from Pricing Date with pricing date of October 06, 2025, therefore October 14, 2025 is anticipated.
Source: BSE