Commentary & Deal Flow

Muthoot Finance Limited (the “Issuer”) (rated Ba1/Stable by Moody’s, BB+/Stable by S&P, BB+/Stable by Fitch), a BSE Limited (BSE) & National Stock Exchange of India Limited (NSE) listed entity, has appointed Deutsche Bank and Standard Chartered Bank as Joint Global Coordinators and Joint Bookrunners to arrange a series of investor calls across Asia, EMEA and the United States on 28th January 2026. A benchmark sized 144A/Regulation S USD-denominated senior secured bond offering (the “Notes”) with 4.5 years door to door tenor and 4 years weighted average life may follow, subject to market conditions. The Notes are expected to be rated Ba1 by Moody’s and BB+ by S&P

The proceeds of the Notes will be used by the Issuer for onward lending and other such activities as may be permitted under the ECB Guidelines, in accordance with the approvals granted by the RBI from time to time in this relation (if applicable) and in accordance with the ECB Guidelines and other applicable laws.