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Khaitan, AZB act on Muthoot Finance $450m dollar-bond issue

Muthoot Finance has commenced pricing of its three-year dollar-denominated bonds on Monday with the initial price target on the paper coming in at 6.375%. “The firm could be looking to raise anywhere between $300-450 million. The final price is likely to come down fairly from the initial guidance of 6.375%,” said a source.

The Financial Express

Khaitan & Co advised the managers - Standard Chartered Bank and Deutsche Bank AG Singapore branch - to the issue led by a team of partner Manisha Shroff, principal associate Rolwine Alva, associate Enakshi Jha and associate Akshay Ferdinand represented the client on the transaction with assistance from associate Kratika Parashar on closing aspects.

Update 14 November 2019: AZB & Partners acted for Muthoot Finance led by partners Srinath Dasari and Richa Choudhary, and senior associates Shantanu Singh and Sweta Ananthanarayanan.

2019-10-22

Deal value: USD 450 Million

This deal report is based on a firm's press release and may be only partially complete. Some firms or names of advisers may be therefore be missing.

Correction 14 November 2019: The earlier published version of the article had mis-stated Khaitan’s client as Muthoot, when it was in fact the managers.

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