| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |

Bond Market News

Muthoot Finance Announces Tender Offer Results

April 27, 2023

Muthoot Finance announced the results of the tender offer for its 4.4% 2023s launched late last month that expired on April 25. It has accepted to purchase $225mn of the notes, paying a total sum of $226.1275mn including accrued and unpaid interest and any additional amounts. Given that $225mn of bonds were tendered at the early tender date of April 13, the buyback was capped then with bondholders receiving $1,000 per $1,000 in principal amount. The amount outstanding on the notes has reduced from $550mn to $325mn.

Its 4.4% 2023s are currently trading at 99.38 at a yield of 6.29%.

For the announcement release, click here

Related Posts:
Registered office: 8 Marina View, #43-062 Asia Square Tower 1, Singapore 018960
© Copyright BondbloX 2024, All Rights Reserved.