Trilegal Advised Muthoot Finance On USD 250 Million Senior Secured Notes Issuance

Trilegal advised Muthoot Finance on USD 250 million senior secured notes issuance

Trilegal advised Muthoot Finance Limited (MFL) on the drawdown by way of an issuance of Regulation S, USD-denominated senior secured notes due in 2029 with a coupon of 6.375%, aggregating to USD 250 million (“Offering”).

The drawdown was undertaken by MFL under its USD 2 billion global medium-term note program. Deutsche Bank AG, Singapore Branch and Standard Chartered Bank acted as the managers to the Offering. The notes were listed on NSE IFSC Ltd., GIFT City, India. MFL is the largest gold loan NBFC in terms of loan portfolios. The issue proceeds will be applied for onward lending and other activities as permitted by the RBI.

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

The Trilegal Banking and Finance Team advising on the mandate was led by Joseph Jimmy (Partner), with support from Tania Chourasia (Counsel) and Shreyaa Mohanty (Associate).

The Trilegal Taxation Team advising on the mandate was led by Komal Dani (Partner), with support from Deepanshu Jhanwar (Senior Associate) and Himeesha Dhiliwal (Associate).

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