Manappuram Finance raises USD 300 million in bonds

Manappuram Finance raised 300 million dollars in bonds earlier this week. “We expect the total cost to be around 11 percent for the dollar bond borrowing. The hedging rate is yet to be finalised. It will be finalised on January 13. We hope the total all inclusive cost to be around 13 percent,” said VP Nandakumar, MD and CEO of Manappuram Finance.