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Muthoot Microfin, headquartered in Ernakulam and part of the Muthoot Pappachan group, aims to secure $50 million through external commercial borrowing (ECB) to diversify its funding sources and extend liability duration. The CEO anticipates a syndicated deal at a lower cost than the current average cost of funds.

West bengalMuthoot microfinMuthoot pappachanSadaf sayeedExternal commercial borrowingFund sourcesLiability profileSyndicated dealCost of fundsLong term borrowingRating upgradeErnakulam headquartered lenderMuthoot pappachan group