Muthoot FinCorp Launches ₹600 Crore NCD Issue for Public Subscription

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CNBC TV18•03-02-2026, 14:38
Muthoot FinCorp Launches ₹600 Crore NCD Issue for Public Subscription
- •Muthoot FinCorp has opened its first tranche of secured, redeemable non-convertible debentures (NCDs) for public subscription.
- •The company aims to raise up to ₹600 crore, with a base size of ₹200 crore and a green shoe option of ₹400 crore.
- •Funds will be used to support lending operations, repay existing debt, and meet general corporate requirements.
- •NCDs offer annual yields between 8.70% and 9.10% across tenures of 24, 36, 60, and 72 months.
- •The issue has received credit ratings of Crisil AA-/Positive and BWR AA/Stable, indicating high safety.
Why It Matters: Muthoot FinCorp's new NCD issue offers attractive yields and high safety for investors.
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