Edelweiss Financial Services Limited (EFSL) has announced the public issue of Secured Redeemable Non-Convertible Debentures (NCDs) with a total issue size of up to ₹2,000 million. The offering includes a base issue of ₹1,000 million and a green shoe option to retain an additional ₹1,000 million.
The NCDs, priced at ₹1,000 each, will be available in twelve series with tenures of 24, 36, 60, and 120 months. Investors can choose from fixed coupons with annual, monthly, or cumulative interest payment options, offering an effective annual yield ranging from 9.50% to 11.00% per annum.
EFSL plans to allocate at least 75% of the funds raised to repay or prepay existing borrowings (interest and principal), with the remainder earmarked for general corporate purposes, subject to regulatory limits set by SEBI.
The NCDs have been rated “CRISIL A+/Negative,” reflecting the company’s moderate credit risk profile with a negative outlook. The debentures will be listed on the Bombay Stock Exchange (BSE) to enhance liquidity for investors.
The public issue is being managed by Trust Investment Advisors Private Limited, Nuvama Wealth Management Limited, and Tipsons Consultancy Services Private Limited. Notably, Nuvama Wealth Management Limited, an associate of the issuer, will only participate in the marketing of the issue in compliance with SEBI regulations.
This offering presents an opportunity for investors to earn competitive returns while supporting the company’s financial restructuring and growth objectives.
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