Leading Legal Firm Supports Major Bond Deal, Following $600 Million Issuance.
Muthoot Finance.
Trilegal has successfully advised Muthoot Finance Limited on a significant bond issuance, part of the company’s ongoing efforts to bolster its financial position and expand operations. The transaction, valued at $150 million, marks the latest in a series of high-profile deals for the company, coming just a month after a successful $600 million bond issuance.
The latest issuance sees Muthoot Finance upsize its global medium-term note (MTN) program from $2 billion to $4 billion. The company issued Rule 144A/Regulation S, USD-denominated senior secured notes, which are due in 2030 with a coupon rate of 6.375%. These notes were listed on NSE IFSC Ltd., based in GIFT City, India, a growing financial hub that continues to attract global investment.
Strategic Legal Advisory
Trilegal’s role in the transaction was instrumental, providing crucial legal counsel on the upsize of the MTN program and the structuring of the bond issuance. The legal team was led by Richa Choudhary, Partner at Trilegal, with support from Avanti Kale (Counsel) and Aayush Khandelwal (Senior Associate). Joseph Jimmy (Partner) and Tania Chourasia (Counsel) were also involved, advising Muthoot Finance on the banking and finance aspects of the deal.
The issuance proceeds are intended to support Muthoot Finance’s lending activities and other operations as permitted by the Reserve Bank of India (RBI), reinforcing the company’s strategic focus on expanding its loan portfolio and supporting its growth trajectory.
A Series of Successful Issuances
The $150 million bond issuance is the latest in a series of successful debt raisings for Muthoot Finance. Last month, the company secured $600 million through a similar bond issuance, further demonstrating its strong position in the Indian financial market. Muthoot Finance, which is the largest gold loan non-banking financial company (NBFC) in India by loan portfolio, has been actively tapping global markets to fund its expansion plans.
Muthoot Finance: A Leading Player in the Indian Financial Sector
Muthoot Finance has long been a dominant player in the gold loan segment, offering financial solutions to individuals who need quick access to capital. With a vast network of branches across India, the company continues to serve millions of customers and is steadily growing its presence in both the retail and institutional lending markets.
The bond issuances and strategic financial moves underscore the company’s commitment to strengthening its capital base and expanding its lending operations, positioning it for further growth in the competitive financial services industry.
About Trilegal
Trilegal is a leading full-service law firm with a strong track record in advising on complex transactions in India and internationally. The firm is known for its expertise in corporate law, banking and finance, capital markets, mergers and acquisitions, and dispute resolution. With a commitment to delivering innovative legal solutions, Trilegal continues to be a trusted advisor to some of the largest and most dynamic companies in the country.
