NEW DELHI: Edelweiss Financial Services Ltd has initiated a public issue for Secured Redeemable Non-Convertible Debentures worth ₹200 crore, each valued at ₹1,000. The public offering commenced on April 8 and will continue until April 23. This issue also includes a green shoe option of up to ₹100 crore.
The NCDs are set to provide a yield of up to 10.46% per annum and carry a CRISIL A+/Stable rating. Trading of these debentures will be in dematerialised form exclusively.
The allotment will be done proportionately in collaboration with BSE.
Edelweiss Financial Services Ltd has disclosed that there are 12 series of NCDs available with fixed coupons and tenures ranging from 24 to 120 months, providing various interest options.
The funds raised from this issue will primarily be utilized for repaying existing debts and for general corporate purposes.
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