Muthoot Finance raises $400 million through dollar bonds
Muthoot Finance raised $400 million through dollar bonds maturing in 4.5 years, with a semi-annual coupon of 6.375%. The issue received bids worth over $1.1 billion and was coordinated by Deutsche Bank and Standard Chartered. This follows a trend of increased dollar bond issuances by Indian companies, driven by stable rupee and growing international demand.