Muthoot Finance, India’s leading gold loan company, has successfully raised $600 million through senior secured notes at a 6.375% coupon rate, maturing in 2030. The board has approved the allotment under its $2-billion global medium term note programme. In related news, Muthoot Microfin has also received board approval for raising funds through both dollar-denominated and local bonds via private placement.
Originally published by The Economic Times https://economictimes.indiatimes.com/markets