VERIFIEDET Markets·21 May 2026neutral

Muthoot Finance plans floating-rate bond issue of Rs 2,000 cr

AI Summary

·Muthoot Finance plans to raise ₹2,000 crore next week through a three-year floating-rate bond issue.
·The bonds will be linked to the 91-day treasury bill.
·This issuance aims to help Muthoot Finance avoid high fixed borrowing costs amidst expectations of rising interest rates.