Edelweiss Financial Services Limited (“EFSL”/ “Company”), has announced the opening of the public issue of Secured Redeemable Non-Convertible Debentures (“NCDs”) of the face value of Rs 1,000 each for an amount up to Rs 1,000 million (“Base Issue Size”), with a green shoe option of up to Rs 1,000 million, cumulatively aggregating up to Rs 2,000 million (“Issue”).

There are twelve 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 yield for NCDs ranges from 9.00% p.a. to 10.46% p.a.

The Issue is scheduled to open on April 08, 2024, and close on April 23, 2024

At least 75% of the funds raised through this Issue will be used for the purpose of repayment/prepayment of interest and principal of existing borrowings of the Company and the balance amount would be utilized for general corporate purposes, subject to such utilization not exceeding 25% of the amount raised in the Issue, in compliance with the Securities and Exchange Board of India (Issue And Listing of Non-Convertible Securities) Regulations, 2021, as amended from time to time (“SEBI NCS Regulations”).

The NCDs proposed to be issued under the Issue have been rated “CRISIL A+/Stable (pronounced as CRISIL A plus rating with Stable outlook)”.

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.