Muthoot Finance to raise ₹500 crore via secured redeemable NCDs
The NCDs have been rated AA+ by ICRA Ratings, and the outlook on long-term rating is stable. There are seven investment options for the NCDs, with ‘monthly’ or ‘annual’ interest payment frequency or ‘on maturity redemption’ payment with coupon ranging from 7.75% p.a to 8.6% p.a
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