01 Apr 2025


Trilegal advised on the drawdown by Muthoot Finance Limited (“MFL”) by way of an issuance of Regulation S, USD-denominated senior secured notes due in 2029 with a coupon of 6.375%, aggregating to USD 250 million (“Offering”).
The drawdown was undertaken by MFL under its USD 2 billion global medium term note program. Deutsche Bank AG, Singapore Branch and Standard Chartered Bank were the managers to 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 onward lending and other activities as may be permitted by RBI.
The Trilegal Capital Markets Team advising on the mandate was led by Partner: Richa Choudhary; and supported by Counsels: Avanti Kale and Maitreya Rajurkar; and Associate: Shivayana Balodia.
The Trilegal Banking and Finance Team advising on the mandate was led by Partner: Joseph Jimmy; and supported by Counsel: Tania Chourasia; and Associate: Shreyaa Mohanty.
The Trilegal Taxation Team advising on the mandate was led by Partner: Komal Dani; Senior Associate: Deepanshu Jhanwar; Associate: Himeesha Dhiliwal.
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About Trilegal
Trilegal is one of India’s leading law firms, with expertise across the full spectrum of corporate legal services. Trilegal has offices in four key cities of India.
Trilegal has been recognised as M&A Firm of the Year by IFLR Asia-Pacific 2024; Best Overall Law Firms by India Business Law Journal (IBLJ) 2024; Innovative Lawyers Asia-Pacific by Financial Times (FT) 2024; Law Firm of the Year by Deal Volume by VCCircle Awards 2024; India Deal Firm of the Year by Asian Legal Business (ALB) India Law Awards 2023; Best Law Firms to Work by Vahura 2022; Firm of the year for Client Service Excellence by Asia Law Awards 2021.
For more information, please get in touch with Prakruti Jani | Mob: +91-9867868976 | BD@trilegal.com

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