Bond Factsheet
MUTHIN 6.375% 23Apr2029 Corp (USD)
Muthoot Finance Limited
Indicative
Full Lot
Bid Price 98.683
Change in Bid Price 0.084
Bid Yield (%) 6.946 %
Change in Bid Yield 0.037
Ask Price 99.117
Change in Ask Price 0.083
Ask Yield (%) 6.756 %
Change in Ask Yield 0.036
Indicative price as of 02 Oct 2026, 4:33pm
Bond Issuer
Muthoot Finance Limited
Guarantor
-
Announcement Date
16 Oct 2024
Issue Date
23 Oct 2024
Maturity Date
23 Apr 2029
Years to Maturity / Next Call
2.553 / -
Modified Duration
2.248 @ 02 Oct 2026
Issue / Reoffer Price
100.000
Issue / Reoffer Yield
6.375
Coupon Type
Fixed
Annual Coupon Rate
6.375
Coupon Frequency
Semi Annually
Seniority
First Lien
Reference Rate
-
ISIN
US62828M2D24
CUSIP
62828M2D2
Bond Currency
USD
Total Issue Size
650,000,000
Min. Investment Quantity (Nominal)
USD 200,000
Incremental Quantity (Nominal)
USD 1,000
Bond Type
High Yield Corporate
Bond Sector
Financials
Bond Sub Sector
Diversified Financial Services
Issuer Credit Rating (S&P/ Fitch)
***/ BB+
Bond Credit Rating (S&P/ Fitch)
***/ BB+
Shariah Compliant
No
Exchange Listed
Others
Change Control Put
“Change of Control” occurs when:
(a) the Promoter Group collectively no longer holds Control of the Issuer;
(b) the Promoter Group collectively, directly or indirectly, no longer holds at least 50% of the voting rights of the issued share capital of the Issuer; or
(c) any other Person (acting alone or in concert with any other parties, but other than a Person controlled by the Promoter Group) holds Control or holds, directly or indirectly, a greater percentage of the voting rights of the issued share capital of the Issuer than the Promoter Group
“Change of Control Triggering Event” means both a Change of Control and a Rating Decline
“Promoter Group” shall have the meaning ascribed to the term under the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2018
Additional Note
Unless previously redeemed or purchased and cancelled as provided below, the Issuer will redeem the Notes in 5 instalments on each amortisation date specified in column A below (each, an “Amortisation Date”) at its Final Redemption Amount as specified in the Pricing Supplement, plus accrued and unpaid interest to, but not including, the applicable Amortisation Date. The amount of Notes to be redeemed on a particular Amortisation Date (such amount, the “Amortisation Amount”) shall be equal to the product of (x) the applicable Amortisation Ratio on the applicable Amortisation Date set forth in column B below times (y) the principal amount of Notes outstanding immediately prior to the applicable Amortisation Date. If payment of the relevant Amortisation Amount is improperly withheld or refused in respect of a Note, the relevant principal amount of such Note will remain outstanding until whichever is the earlier of (i) the day on which all sums due in respect of such Note up to that day have been paid and (ii) the Business Day after the Trustee has given notice to the Noteholders in accordance with Condition 15 (Notices) that it has received all sums due in respect of such Notes up to that Business Day (except to the extent that there is any subsequent default in payment in accordance with these Conditions). The Notes shall be finally redeemed at their final Amortisation Amount payable on the Maturity Date.
| Amortisation Date (A) | Amortisation Ratio (B) |
|---|---|
| 23 April 2028 | 20/100 |
| 23 July 2028 | 20/80 |
| 23 October 2028 | 20/60 |
| 23 January 2029 | 20/40 |
| Maturity Date | 20/20 |
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