Muthoot Microfin Raises ₹250 Cr via NCDs

Muthoot Microfin Limited has successfully raised ₹250 crore through the issuance of listed, rated, secured, and redeemable Non-Convertible Debentures (NCDs) on a private placement basis. The NCDs, with a tenure of 24 months and a coupon rate of 9.25% per annum, will be listed on the BSE. This fundraising is part of the company's strategy to strengthen its funding profile, diversify its liability mix, and optimize borrowing costs. The CEO highlighted that this issuance, along with a recent credit rating upgrade to CRISIL AA-/Stable, will support margin strengthening and responsible growth. The issuance is secured by a first-ranking charge over the company's receivables.