Muthoot Finance Raises $600 Million via Global Bond Issue
ECONOMY & POLICY

Muthoot Finance Raises $600 Million via Global Bond Issue

Muthoot Finance has raised $600 million through an External Commercial Borrowing (ECB) issuance in the international bond markets, marking the fifth and final drawdown under its Global Medium-Term Note (GMTN) programme since May 2024 and completing the company’s $2 billion target.

The bonds, rated BB+ by S&P and Ba1 by Moody’s, were priced at 6.37 per cent, with a 4.5-year maturity and an average life of four years. This represents Muthoot Finance’s first bond issuance since receiving credit rating upgrades from S&P in March 2025 and Moody’s in April 2025.

Proceeds from the issuance will be used to expand the company’s lending operations across India. George Alexander Muthoot, Managing Director, stated: “The successful ECB highlights our strong growth strategy and sound governance, marking another milestone for the company.”

The issuance drew robust global interest, reflecting investor confidence in Muthoot Finance’s business fundamentals and growth plans. Geographically, 49 per cent of subscriptions came from the US, 36 per cent from Asia, and 15 per cent from EMEA. By investor type, 91 per cent of subscriptions came from fund and asset managers, with the remainder from banks, private banks, and insurers.


Muthoot Finance has raised $600 million through an External Commercial Borrowing (ECB) issuance in the international bond markets, marking the fifth and final drawdown under its Global Medium-Term Note (GMTN) programme since May 2024 and completing the company’s $2 billion target.The bonds, rated BB+ by S&P and Ba1 by Moody’s, were priced at 6.37 per cent, with a 4.5-year maturity and an average life of four years. This represents Muthoot Finance’s first bond issuance since receiving credit rating upgrades from S&P in March 2025 and Moody’s in April 2025.Proceeds from the issuance will be used to expand the company’s lending operations across India. George Alexander Muthoot, Managing Director, stated: “The successful ECB highlights our strong growth strategy and sound governance, marking another milestone for the company.”The issuance drew robust global interest, reflecting investor confidence in Muthoot Finance’s business fundamentals and growth plans. Geographically, 49 per cent of subscriptions came from the US, 36 per cent from Asia, and 15 per cent from EMEA. By investor type, 91 per cent of subscriptions came from fund and asset managers, with the remainder from banks, private banks, and insurers.

Next Story
Real Estate

Bennet & Bernard Unveil Dutch-Inspired ‘Casa El Toledo’ in Goa

Bennet & Bernard Group, Goa’s leading luxury real estate developer, has launched its newest project, Casa El Toledo, in Assagao. The enclave features 18 ultra-luxury 4 BHK Dutch-style villas blending European charm with tropical elegance. Each villa includes a private pool, double-height ceilings, open courtyards, alfresco dining areas, and English-inspired landscaping. The interiors are curated by noted Dutch designer Kelly Marie.   Reflecting the grandeur of the Dutch Golden Age, Casa El Toledo harmonises heritage aesthetics with modern sensibilities. Expansive interiors flow..

Next Story
Equipment

Godrej Delivers Heaviest Ecolaire Surface Condenser to US Project

Godrej Enterprises Group’s Process Equipment business has manufactured and delivered its heaviest Ecolaire® Surface Condenser to date, weighing nearly 450 metric tonnes, for a power-generation project in the United States. The project, powered by natural gas and partly designed for hydrogen compatibility, marks another step in advancing clean energy systems. Produced at the company’s GreenCo-certified Dahej facility in Gujarat, the equipment demonstrates India’s growing engineering capabilities and reinforces Godrej’s ‘Make in India for the World’ vision.  Hussain S..

Next Story
Infrastructure Energy

India, Brazil Discuss Energy Ties And Oil Investments

Union Minister for Petroleum and Natural Gas Hardeep Singh Puri held discussions with Celso Luis Nunes Amorim, Special Advisor to the President of Brazil, and senior Brazilian officials to strengthen bilateral cooperation in the oil, gas, and energy transition sectors. The talks took place during a dinner hosted by Kenneth H da Nobrega, Ambassador of Brazil to India, at his residence in New Delhi.Mr Puri said the meeting focused on Indian investments in Brazil’s oil and gas sector, as well as expanding collaboration in energy transition and biofuels. “The enriching conversation revolved ar..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?