Edelweiss Financial Services Limited today announced the opening of the public issue of Secured Redeemable Non-Convertible Debentures.

MUMBAI, July 8 (The CONNECT)Edelweiss Financial Services Limited today announced the opening of the public issue of Secured Redeemable Non-Convertible Debentures (NCDs) of the face value of ₹ 1,000 each for an amount up to ₹ 100 crore with a green shoe option of up to another ₹ 100 crore.

The Issue, which is open till July 22,  has 12 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 interest yield on the NCDs ranges from 9.50% p.a. to 11.00% p.a.

At least 75% of the funds raised through this issue will be used for settling some of its dues and the balance for general corporate purposes.

The NCDs proposed to be issued under the Issue have been rated “CRISIL A+/ Watch Negative.

Trust Investment Advisors Private Limited and Nuvama Wealth Management Limited# are the Lead Managers to the Issue. The NCDs will be listed on BSE Limited to provide liquidity to the investors.