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

Muthoot Finance plans to raise ₹2,000 crore next week. The company will issue three-year floating-rate bonds. These bonds are linked to the 91-day treasury bill. This move allows Muthoot Finance to avoid high fixed borrowing costs. Floating-rate bonds are gaining popularity as interest rates are expected to rise.

Raccontata dam.economictimes.com