Muthoot re-taps May bond to raise $100 million

Muthoot Finance raised $100 million from its May bond due 2028, priced at 6.73%, via Deutsche Bank and Standard Chartered. The initial $650 million showed high global interest. Bonds have a 6.73% coupon, now trading at 6.7%. Proceeds for on-lending under RBI guidelines. Post-Fed’s hiking cycle, Indian issuers are exploring overseas markets.