Edelweiss Financial Services opens Rs 200 cr public issue of NCDs

Edelweiss Financial Services has announced the opening of the public issue of Secured Redeemable Non-Convertible Debentures (NCDs) of the face value of Rs 1,000 each for an amount up to Rs 100 crore (Base Issue Size), with a green shoe option of up to Rs 100 crore, cumulatively aggregating up to Rs 200 crore.

There are twelve 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. Effective annual yield for NCDs ranges from 9.00% p.a. to 10.46% p.a.

The issue is scheduled to open on 08 April 2024, and close on 23 April 2024.

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