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Muthoot Finance 
MUTHOOTFINIndia’s largest gold finance company, has accepted bids worth $250 million on the reissuance of its dollar-denominated bonds, two merchant bankers said on Thursday.
The firm will offer a yield of 6.6510% to the investors of the issue. Muthoot Finance received bids worth $740 million across investor categories as well as geographies.
In October, it raised $400 million through the sale of 6.3750% April 2029 bonds.
The proceeds from the reissue will be used for onward lending and other activities, the company said in a stock exchange filing on Wednesday.
It did not reply to a Reuters email seeking comment.
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