Muthoot Finance was counseled by Trilegal on the release of a $600 million bond in Gift City.
In a significant move, Muthoot Finance Limited, the largest gold loan Non-Banking Financial Corporation (NBFC) in terms of loan portfolios, has successfully drawn down $600 million by issuing USD-denominated senior secured notes due in 2030 with a coupon of 6.375%.
The deal, which was undertaken under Muthoot Finance's $2 billion global medium term note program, saw Trilegal, a leading Indian law firm, providing advisory services. Richa Choudhary led the Capital Markets Team at Trilegal, with Avanti Kale and Shivayana Balodia lending their support.
In the banking and finance sector, Joseph Jimmy led the Trilegal Banking and Finance Team, while Tania Chourasia and Shreyaa Mohanty also contributed to the team's efforts. On the taxation front, Komal Dani headed the Trilegal Taxation Team, with Deepanshu Jhawar providing assistance.
Himeesha Dhiliwal, another member of the Trilegal team, also supported the Taxation Team on the Muthoot Finance Limited deal.
The notes, listed on NSE IFSC Ltd., in GIFT City, India, were managed by Deutsche Bank AG, Singapore Branch, and Standard Chartered Bank. However, the specific banks involved in the issuance of the notes were not explicitly mentioned in the available search results.
The issue proceeds from Muthoot Finance Limited will be applied for onward lending and other activities as permitted by the Reserve Bank of India (RBI). This move is expected to strengthen Muthoot Finance's position in the financial market and support its growth initiatives.
No new information about Trilegal or the Bar & Bench publication form was provided in the available search results.
Read also:
- Peptide YY (PYY): Exploring its Role in Appetite Suppression, Intestinal Health, and Cognitive Links
- Toddler Health: Rotavirus Signs, Origins, and Potential Complications
- Digestive issues and heart discomfort: Root causes and associated health conditions
- House Infernos: Deadly Hazards Surpassing the Flames
