Trilegal advised on Muthoot Finance Ltd (MFL)’s issuance of USD-denominated senior secured notes due in 2028, totaling USD 100 million under its updated USD 2 billion global medium-term note program.
Deutsche Bank AG, Singapore Branch and Standard Chartered Bank acted as managers for the offering, with the notes listed on NSE IFSC Ltd in GIFT City, India.
MFL, India’s largest gold loan NBFC by loan portfolios, plans to use the proceeds for lending and other permissible activities as per RBI guidelines.
Trilegal’s Capital Markets team, led by Partner Richa Choudhary, and its Banking and Finance team, led by Partner Pranav Sharma, handled the transaction.
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