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Muthoot Finance Prices USD 600 Million Fixed Rate Notes for Lending Expansion

Story Highlights
  • Muthoot Finance has priced USD 600 million notes under its Global Medium Term Note Programme.
  • Proceeds from the notes will support lending activities, enhancing Muthoot Finance’s market position.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Muthoot Finance Prices USD 600 Million Fixed Rate Notes for Lending Expansion

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Muthoot Finance Ltd ( (IN:MUTHOOTFIN) ) just unveiled an announcement.

Muthoot Finance Limited has announced the pricing of USD 600 million 6.375% Fixed Rate Notes due 2030 under its USD 2 billion Global Medium Term Note Programme. The proceeds from these notes will be utilized for onward lending activities in compliance with the Foreign Exchange Management Regulations and guidelines issued by the Reserve Bank of India. This strategic move is expected to enhance Muthoot Finance’s lending capacity and strengthen its market position in the financial services sector.

More about Muthoot Finance Ltd

Muthoot Finance Limited operates in the financial services industry, primarily offering gold loans, money transfer services, and wealth management solutions. The company focuses on providing accessible financial services to a diverse customer base in India and has a significant presence in the non-banking financial sector.

Average Trading Volume: 30,222

Technical Sentiment Signal: Buy

Current Market Cap: 1081.3B INR

For a thorough assessment of MUTHOOTFIN stock, go to TipRanks’ Stock Analysis page.

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