Muthoot Finance closes $600 million dollar bond issue, bankers say

Muthoot Finance successfully raised $600 million through a four-and-a-half-year dollar bond offering, securing a yield of 5.75%, lower than initially anticipated. This move, aimed at funding lending operations, follows similar successful issuances last year. Analysts view the company’s fundamentals positively, anticipating further bond activity. This marks India’s third dollar bond sale this year.