Squire Patton Boggs advised Muthoot Finance Limited on US$600 million high yield bond issuance
The major full-service global law firm, Squire Patton Boggs advised Muthoot Finance Limited as special U.S. counsel on its US$600 million high yield bond issuance under the company’s US$4 billion Global Medium Term Note (GMTN) Programme, March 19, 2026, Singapore.
The transaction was well received by the international markets and priced at 5.75%, representing a significant tightening from the initial price guidance of 6.125%. The Notes are secured against the company’s current assets, including gold loan receivables, and have a weighted average life of approximately four years. Deutsche Bank and Standard Chartered Bank acted as global coordinators and joint bookrunners for the issuance.
Philip Lee (Partner) commented,
“We are delighted to have supported Muthoot Finance on this successful high yield issuance. The strong investor appetite and tightened pricing reflect the market’s continued confidence in Muthoot’s robust credit profile and its leading position in the Indian financial services sector. Having been involved with the GMTN Programme since its inception, it is particularly rewarding to see the programme continue to provide the company with efficient access to global capital.”
The Squire Patton Boggs team advising Muthoot Finance Limited was led by Philip Lee (Partner), with support from Andhari Sidharta (Of Counsel) and Le Jing Ong (Senior Associate).
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