New Delhi, Feb 21 (TIWN) Muthoot Finance Ltd on Friday said it has raised $550 million from International Bond Markets for a 3.5-year tenor at 4.4%.

The funds raised are in its second issue under Rule 144A/Reg S format.  Muthoot Finance Ltd, the largest gold loan company in India, has successfully priced a $550 Million Fixed Rate Senior Secured Note issuance in 144A/Reg S format for a 3.5-year tenor at 4.400%, the company said.  The company had successfully placed $450 Million for a 3-year tenor at 6.125% in October 2019.  The proceeds of the issue will be used for permitted purposes including onward lending in accordance with RBI''s ECB Guidel ines and other applicable laws, the NBFC pointed.