 "Edelweiss's public issue of bonds oversubscribed")
According to data from stock exchanges the Rs 200 crore issue with a greenshoe option of an additional Rs 200 crore got oversubscribed 2.03 times as on today.
The bonds were offering interest rate of 12.00% per annum with monthly, annual and cumulative options.
The effective yield in monthly option works out to 12.68% for 70 months tenure and under cumulative option, investors will get 2.01 times of the invested amount at maturity.
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