Edelweiss Financial Services Launches ₹300 Crore NCD Issue, Investors Offered Up To 10% Annual Yield
Mumbai: Edelweiss Financial Services Limited (EFSL) has announced a public issue of secured redeemable non-convertible debentures (NCDs), aiming to raise up to Rs 300 crore. The issue comprises a base size of Rs 150 crore and a greenshoe option of another Rs 150 crore. Each NCD carries a face value of Rs 1,000. The subscription window opened on September 21 and is scheduled to close on October 5,…
Mumbai: Edelweiss Financial Services has launched an NCD issue worth up to Rs 300 crore, offering investors an annual yield from 8.64% to 10%. The issue, which opened on September 21 and closes on October 5, consists of 10 series with tenures ranging from 24 to 120 months. Investors can choose between annual, monthly, or cumulative interest payments.
The NCDs, rated "Crisil A+/Stable" by Crisil Ratings, are tradable only in dematerialised form and will be listed on BSE for secondary-market liquidity. Funds raised will primarily be used for debt repayment and corporate purposes, not exceeding 25% of the amount raised.
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