Edelweiss Financial Services Limited has informed the Exchange regarding a press release dated July 08, 2025, titled "Edelweiss Financial Services Limited announces Rs. 3,000 million Public Issue of Secured Redeemable Non- convertible Debentures (NCDs)".
EDELWEISS · price
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Edelweiss Financial Services Limited has announced a public issue of Secured Redeemable NCDs worth up to Rs. 3,000 million, comprising a base size of Rs. 1,500 million plus a green shoe option of Rs. 1,500 million. The NCDs carry a face value of Rs. 1,000 each, with effective annual yields ranging from 9.00% to 10.49% (up to 10.50% p.a.), and tenures of 24, 36, 60, and 120 months with monthly, annual, or cumulative interest options. The issue opened on July 8, 2025, and will close on July 21, 2025, and has been rated Crisil A+/Stable. At least 75% of the proceeds will be used to repay or prepay existing borrowings, with the remainder earmarked for general corporate purposes. The NCDs will be listed on BSE and are being managed by Trust Investment Advisors, Nuvama Wealth Management, and Tipsons Consultancy.
For equity shareholders, this Rs. 300 crore NCD raise is primarily aimed at refinancing existing debt rather than funding growth, which may ease near-term repayment pressure but also adds to interest obligations. The Crisil A+/Stable rating indicates moderate credit quality; retail investors considering the NCDs should weigh the yields against the company's existing leverage profile.