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Edelweiss Financial Services Launches ₹300 Crore NCD Issue with Up to 10% Yield
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CNBC TV18•21-09-2026, 12:46
Edelweiss Financial Services Launches ₹300 Crore NCD Issue with Up to 10% Yield
- •Edelweiss Financial Services has opened a public issue of secured, redeemable non-convertible debentures (NCDs) aiming to raise up to ₹300 crore.
- •The NCDs offer effective annual yields ranging from 8.64% to 10% across 10 series with tenures of 24, 36, 60, and 120 months.
- •The issue commenced on September 21 and is set to close on October 5, with options for annual, monthly, and cumulative interest payments.
- •At least 75% of the funds raised will be allocated to repay or prepay existing borrowings, with the remainder for general corporate purposes.
- •The NCDs hold a 'Crisil A+/Stable' rating from Crisil Ratings and will be listed on BSE, traded in dematerialized form.
Key Questions Answered
Edelweiss Financial Services launched a public issue of secured, redeemable non-convertible debentures worth up to ₹300 crore, which includes a green-shoe option of ₹150 crore alongside a base issue size of ₹150 crore. The effective annual yield on these NCDs ranges from 8.64% to 10%.
At least 75% of the funds raised through the NCD issue will be utilized to repay or prepay existing borrowings. The remaining amount up to 25% will be allocated for general corporate purposes.
The NCDs have been assigned a 'Crisil A+/Stable' rating by Crisil Ratings and are scheduled to be listed on the BSE. They feature 10 series across tenures of 24, 36, 60, and 120 months with a face value of ₹1,000 each.
