Trilegal Advised Muthoot Finance On USD 600 Million Bond Issuance Listed On GIFT City

Trilegal advised Muthoot Finance on USD 600 million bond issuance listed on GIFT City

The leading law firm in India, Trilegal advised Muthoot Finance Limited (MFL) on its drawdown through the issuance of USD-denominated senior secured notes due in 2030, aggregating to USD 600 million, under Rule 144A/Regulation S. The notes carry a coupon of 5.75% and were issued under MFL’s USD 4 billion Global Medium Term Note (GMTN) programme.

The notes were listed on NSE IFSC Limited in GIFT City, India.

Muthoot Finance Limited is the largest gold loan NBFC in India in terms of loan portfolio. The proceeds from the issuance will be utilized for onward lending and other activities as permitted by the Reserve Bank of India.

Deutsche Bank AG, Singapore Branch and Standard Chartered Bank acted as the managers to the Offering.

The Trilegal Capital Markets team advising on the transaction was led by Richa Choudhary (Partner), with support from Avanti Kale (Counsel), Maitreya Rajurkar (Counsel), and Shivayana Balodia (Senior Associate).

The Trilegal Banking & Finance team was led by Joseph Jimmy (Partner), supported by Tania Chourasia (Counsel) and Shreyaa Mohanty (Associate).

The Trilegal Taxation team was led by Komal Dani (Partner), with assistance from Hiren Majethia (Associate), Himeesha Dhiliwal (Associate), and Shyam Mangukiya (Associate).

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