Tuesday, May 7, 2024

BANKING

Muthoot Microfin, headquartered in Ernakulam and part of the Muthoot Pappachan group, aims to secure $50 million through external commercial borrowing (ECB) to diversify its funding sources and extend liability duration. The CEO anticipates a syndicated deal at a lower cost than the current average cost of funds.

from Banking/Finance-Industry-Economic Times https://ift.tt/YiZ5vKW
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