Muthoot FinCorp’s Rs 400 crore NCD issue opens for subscription, offers yield up to 10.10%

Muthoot FinCorp on Tuesday said it has opened subscriptions for its latest tranche of secured, redeemable non-convertible debentures (NCDs) on February 4, targeting to raise up to Rs 400 crore. The offering provides investors with an effective annual yield ranging from 9.38% to 10.10%, with…