Structured Obligations News Today

RBI issues guidelines for penal charges in loan accounts to ensure transparency and credit discipline. The new rules will be effective from January 1, 2024.

The new set of rules, which come into effect from January 1, 2024, are being introduced to promote fairness and transparency in the lending sector.

Pursuant to the approval of the Finance Committee of the board of Directors of Muthoot Finance Limited, the Company has completed the pre-payment of external commercial borrowings to the tune of USD 225 million on April 13, 2023.

Muthoot Finance Limited announced that the Finance Committee of the Board of Directors of the company in its meeting held today, i.e., March 28, 2023, has approved the pre-payment of external commercial borrowings of USD 550 million due on September 02, 2023 raised by the company under the GMTN Programme, via an exchange filing. The disclosure is pursuant to Securities & Exchange Board of India

Investegate announcements from Muthoot Finance Ltd, Tender Offer

Non-convertible Debentures: Entry Routes for Foreign Investors A. Introduction 1 public issues of non-convertible debentures ( NCDs) and over 1,600 2 private placements of corporate bonds in India, which is encouraging given the COVID-19 pandemic and brief loss of investor appetite in the initial phase of the pandemic.  An increasing number of M&A transactions also now involve NCDs as a form of consideration/funding.  As such, the rising popularity of NCDs as a preferred mode of structured de...