Edelweiss Financial Services Limited Announces ₹ 2,000 Million Public Issue of Secured Redeemable Non-Convertible Debentures

Edelweiss Financial Services Limited (EFSL) has announced a public issue of Secured Redeemable Non-Convertible Debentures (NCDs) worth up to ₹ 2,000 million. The NCDs have a tenure of 24 months, 36 months, 60 months, and 120 months with fixed coupons. The effective annual interest yield on the NCDs ranges from 9.50% p.a. to 11.00% p.a. The Issue will open on April 8, 2025 and close on April 24, 2025. At least 75% of the funds raised will be used for repayment/prepayment of existing borrowings and the balance for general corporate purposes. The NCDs are rated ‘Crisil A+/ Stable’ and will be listed on BSE Limited. Trust Investment Advisors Private Limited, Nuvama Wealth Management Limited, and Tipsons Consultancy Services Private Limited are the Lead Managers to the Issue.