Edelweiss Financial Services to raise up to ₹300 cr via NCDs
The issue has 10 series of NCDs carrying fixed coupons and having a tenure of 24 months, 36 months, 60 months, and 120 months with annual, monthly and cumulative interest options
Edelweiss Financial Services Ltd (EFSL) is set to issue secured redeemable Non-Convertible Debentures (NCDs) worth up to ₹300 crore. The NCDs, priced at ₹1,000 each face value, will be issued in ten series with fixed coupons. These series have varying tenures of 24, 36, 60, and 120 months, offering annual, monthly and cumulative interest options.
The effective annual interest yield on these NCDs is projected to range between 8.64 percent per annum and 10.00 percent. EFSL intends to use at least 75 percent of the funds raised for repaying or prepaying existing debts. The remaining funds will be utilized for general corporate purposes, not exceeding 25 percent of the total issue amount.
The NCD issue will start on September 21, 2026, and close on October 05, 2026. The base issue size is ₹150 crore, with a green shoe option of another ₹150 crore, cumulatively aggregating up to the total of ₹300 crore. EFSL operates in various sectors, including retail, corporate credit, mutual funds, alternative asset management, asset reconstruction, life insurance, and general insurance.
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