Edelweiss launches Rs 2,000 million public issue of secured NCDs with up to 11% yield

India, April 7 -- Edelweiss Financial Services Limited (EFSL) has announced a public issue of Secured Redeemable Non-Convertible Debentures (NCDs) with a total issue size of up to Rs 2,000 million. This includes a base issue of Rs 1,000 million and a green shoe option of an additional Rs 1,000 million.

The NCDs will be offered in twelve series with tenures of 24, 36, 60, and 120 months, and interest options including annual, monthly, and cumulative payouts. The effective annual yield ranges from 9.50% to 11.00%.

The issue will open on April 8, 2025, and close on April 24, 2025. A minimum of 75% of the funds raised will be used for repayment/prepayment of existing borrowings, with the remaining allocated for general corporate purposes, in ...