Muthoot Finance Limited has successfully settled USD 600 million in Senior Secured Notes due 2030, marking a significant milestone in the company's international fundraising activities. The Finance Committee of the Board of Directors approved the issuance, settlement and allotment during its meeting held on February 04, 2026.

Note Structure and Terms

The notes carry a coupon rate of 5.75% and were issued under the company's USD 4 billion Global Medium Term Note Programme. The issue was priced at 99.997% on January 29, 2026, with settlement completed on February 04, 2026.

Payment Schedule and Amortization

The notes feature a structured amortization schedule with interest payments occurring semi-annually on February 4th and August 4th each year, commencing August 4th, 2026. The principal repayment follows a five-stage amortization structure:

Security and Collateral

The notes are backed by comprehensive security arrangements. The company has created a first ranking pari passu charge by way of hypothecation over all current assets, book-debts, loans and advances, and receivables, including gold loan receivables, both present and future. This security structure encompasses all benefits, rights, title, interest, claims and demands of the issuer, excluding property, assets and receivables designated as Excluded Collateral.

Listing and Compliance

The notes will be listed on NSE IFSC Limited, providing international investors with a regulated trading platform. The issuance was conducted pursuant to Regulation S of the U.S. Securities Act, 1933, as amended, and in accordance with applicable Indian regulations. The net proceeds will be utilized for onward lending and other activities as permitted by ECB Guidelines, subject to RBI approvals and applicable law.

Regulatory Disclosure

This settlement represents the culmination of a process that began with earlier intimations dated October 19, 2019, April 18, 2024, October 6, 2025, and January 30, 2026. The disclosure complies with Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, ensuring transparency for stakeholders and regulatory compliance.

Muthoot Finance Limited has announced investor calls scheduled for January 28, 2026 across Asia, EMEA and the United States for a potential USD-denominated senior secured bond offering. The announcement was made to Bloomberg as part of the company's disclosure under Regulation 30 of SEBI Listing Regulations.

Bond Offering Details

The company has appointed Deutsche Bank and Standard Chartered Bank as Joint Global Coordinators and Joint Bookrunners to arrange the investor calls. The potential offering involves a benchmark sized 144A/Regulation S USD-denominated senior secured bond with specific tenor characteristics.

GMTN Programme Framework

The bond offering is being conducted under Muthoot Finance's existing $4 billion Global Medium Term Note Programme. The company has previously communicated updates regarding this programme through letters dated October 19, 2019, April 18, 2024 and October 6, 2025. The programme relates to the issuance of Senior Secured notes subject to market conditions and regulatory compliances.

Use of Proceeds and Regulatory Compliance

The proceeds from the Notes will be utilized by the company for onward lending and other activities as permitted under the ECB Guidelines. The usage will be in accordance with approvals granted by the RBI from time to time and must comply with ECB Guidelines and other applicable laws.

Current Credit Ratings

Muthoot Finance maintains investment-grade equivalent ratings from major international rating agencies:

Market Positioning

The company highlighted its market recognition as India's #1 Most Trusted Financial Services Brand 2025 according to FRA's Brand Trust Report. Muthoot Finance is also certified as a Great Place to Work for 2025, demonstrating its commitment to employee satisfaction and corporate governance standards.

The announcement includes comprehensive regulatory disclosures and compliance requirements for various jurisdictions, emphasizing the company's adherence to international securities regulations. The offering remains subject to market conditions and final regulatory approvals.