Trilegal advises Muthoot Finance on $150 million bond issuance in Gift City

Trilegal has advised Muthoot Finance Limited on the upsize of the global medium-term note program from $2 billion to $4 billion and issuance of Rule 144A/Regulation S, USD-denominated senior secured notes due in 2030 with a coupon of 6.375%, aggregating to $150 million thereunder.

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

The transaction team was led by Richa Choudhary (Partner) and comprised Avanti Kale (Counsel) and Aayush Khandelwal (Senior Associate).

Joseph Jimmy (Partner) and Tania Chourasia (Counsel) advised on Banking & Finance aspects.

The Firm had also assisted Muthoot Finance on a $600 million bond issuance last month.

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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