Trilegal has advised on the drawdown by Muthoot Finance Limited by way of an issuance of Rule 144A/Regulation S, USD-denominated senior secured notes due in 2030 with a coupon of 6.375%, aggregating to $600 million.

The drawdown was undertaken by Muthoot Finance under its $2 billion global medium term note program. Deutsche Bank AG, Singapore Branch and Standard Chartered Bank were the managers to the Offering.

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

The Trilegal Capital Markets Team advising on the matter was led by Partner: Richa Choudhary; and supported by Counsel: Avanti Kale; and Senior Associate: Shivayana Balodia.

The Trilegal Banking and Finance Team advising on the matter was led by Partner: Joseph Jimmy; and supported by Counsel: Tania Chourasia; and Associate: Shreyaa Mohanty. 

The Trilegal Taxation Team advising on the matter was led by Partner: Komal Dani; and supported by Senior Associate: Deepanshu Jhawar; and Associate: Himeesha Dhiliwal.

Muthoot Finance is the largest gold loan NBFC in terms of loan portfolios. The issue proceeds will be applied for onward lending and other activities as may be permitted by RBI.

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