Muthoot FinCorp Ltd has announced the launch of NCD Tranche III, a series of secured and redeemable non-convertible debentures (NCDs) with a face value of ₹1,000 each, scheduled for issuance on April 24.
The net proceeds from this offering are earmarked for various purposes, including onward lending, financing, repayment or prepayment of existing borrowing obligations, and general corporate activities. The company aims to raise up to ₹600 crore while remaining within an approved shelf limit of ₹3,000 crore.
The NCD Tranche III consists of a base size of ₹200 crore, with a green shoe option of ₹400 crore, bringing the total possible issuance to ₹600 crore. Investors will find effective annual yields ranging from 8.84% to 9.25%, available across multiple tenures of 24, 36, 60, and 72 months.
This tranche will be open to public subscriptions until May 8. It has received ratings of Crisil AA-/Positive from Crisil Ratings Ltd and BWR AA/Stable from Brickwork Ratings India Private Ltd, indicating a high grade of safety for the timely servicing of its financial commitments. The company intends for these instruments to be listed on the debt market segment of the Bombay Stock Exchange (BSE).
Published on April 23, 2026.
