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Muthoot Finance raises $550 million via bonds

Updated : February 22, 2020 11:16 AM IST

Last year in October, it had raised $450 million through its maiden three-year bond.
The transaction saw 37 percent participation from Asia, 13 percent from Europe and 50 percent from the US.
The bond was launched with an initial pricing guidance of 4.750 percent on February 20, but with a strong demand from investors, the company was able to tighten pricing by 35 basis points to 4.4 percent.
Muthoot Finance raises $550 million via bonds

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