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Funding and debt● Neutral for Moneyboxx Finance
Moneyboxx Finance raises Rs 60 cr via NCD issuance
The brief
- Moneyboxx Finance raised ₹60 cr through NCDs at a 10.75% annual coupon
- The two-year NCDs are secured and rated BBB/Stable by CRISIL and India Ratings
- The debt raise may support Moneyboxx Finance’s lending growth; listed lenders face a competitive signal
- Corporate debt maturities set to test US borrowers as rates rise
- Reliance plans ₹10,000 crore, 10-year bond issue next week