Muthoot Finance Ltd., founded in 1939 and headquartered in Kochi, India, is a leading financial services company primarily focused on gold loans and wealth management. The company aims to provide accessible financial solutions to individuals and businesses, facilitating their varied financial needs through a range of products. Key offerings include gold loan services, money transfer services, and microfinance solutions.
Company overview and issue history are AI generated, and should not be cited or relied on without verification.
Muthoot Finance began issuing bonds in 2018 to diversify its funding sources and support its expanding loan portfolio. Notable issuances include the ?1,500 crore bond in March 2021, which attracted considerable investor interest due to its competitive yields compared to industry averages. As of October 2023, the company's bonds are noted for their relatively higher average yields, often exceeding those of similar credit-rated issuers, enhancing their appeal among retail investors. Recent news highlights the company's strategic focus on hybrid bonds, introducing innovative features that align with market demand.