Trilegal advised on the drawdown by Muthoot Finance Limited by way of issuance of Regulation S, USD-denominated senior secured notes due in 2029 with a coupon of 6.375%, aggregating to $ 250 million.
The drawdown was undertaken by MFL under its $ 2 billion global medium-term note program. Deutsche Bank AG, Singapore Branch, and Standard Chartered Bank were the managers to the Offering. The notes were listed on NSE IFSC Ltd., in GIFT City, India. MFL is the largest gold loan NBFC in terms of loan portfolios. The issue proceeds will be applied for onward lending and other activities as may be permitted by RBI.
The Trilegal Capital Markets Team advising on the mandate was led by Richa Choudhary, Partner; and supported by Avanti Kale and Maitreya Rajurkar, Counsels; and Shivayana Balodia, Associate.
The Trilegal Banking and Finance Team advising on the mandate was led by Joseph Jimmy, Partner; and supported by Tania Chourasia, Counsel; and Shreyaa Mohanty, Associate.
The Trilegal Taxation Team advising on the mandate was led by Komal Dani, Partner; Deepanshu Jhawar, Senior Associate; Himeesha Dhiliwal, Associate.
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