Social VC Investments
Muthoot Microfin attracts $15-M from Dutch lender Triple Jump; in talks to raise $35-M from BlueOrch
Kochi-headquartered NBFC-MF I Muthoot Microfin has finalised a deal with Dutch development finance institution Triple Jump to raise USD 15 million in non-convertible debentures (NCDs). Muthoot will be paying 10.6% per annum for the five year unsecured loan.The firm is also in talks to raise another USD 35 million from Swiss impact investor BlueOrchard. The deal with BlueOrchard is likely to be completed next month.
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