Trilegal Advised On US$100 Million Drawdown By Muthoot Finance

Trilegal Advised On US$100 Million Drawdown By Muthoot Finance

Trilegal advised on Muthoot Finance Limited (MFL)'s drawdown through the issuance of USD-denominated senior secured notes due in 2028 under Regulation S/144A, totalling USD 100 million (the Offering). This drawdown was executed under MFL's recently updated USD 2 billion global medium term note program.

Deutsche Bank AG, Singapore Branch, and Standard Chartered Bank acted as managers for 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 the purpose of onward lending and other activities as may be permitted by RBI.

The Trilegal Capital Markets team, led by Partner Richa Choudhary, Included Counsels Avanti Kale and Maitreya Rajurkar, as well as Associates Aayush Khandelwal and Shivayana Balodia.

The Trilegal Banking and Finance team, led by Partner Pranav Sharma, Included Counsel Aditi Bagri and Associate Drasti Jain.