Muthoot FinCorp’s non-convertible debentures (NCDs) have opened for subscription, offering investors the opportunity to earn between 9.26% and 9.75% income per annum. The face value of each NCD is Rs 1,000. The company plans to raise Rs 300 crore through XVI Tranche III series, which will close on January 25, 2024. The NCDs are rated AA-/Stable by Crisil and are proposed to be listed on the BSE debt market segment. Muthoot FinCorp is the flagship company of the Muthoot Pappachan Group and the NCD is secured and redeemable. Investors can choose various maturity/tenure options and payment plans. Existing and prospective customers can invest in the NCDs through Muthoot FinCorp branches or the mobile app.