Edelweiss Financial Services launches Rs 300 crore NCD issue with yield up to 10.5%

Edelweiss Financial Services (EFSL) has announced a public issue of secured redeemable non-convertible debentures (NCDs) worth up to Rs 300 crore. The base issue size is Rs 150 crore, with a green shoe option of another Rs 150 crore.

The NCDs, with a face value of Rs 1,000 each, will offer effective annual yields ranging from 9.00% to 10.49%, depending on the chosen series. The issue includes 12 series with tenures of 24, 36, 60, and 120 months, offering annual, monthly, and cumulative interest payment options.

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The issue opens on July 8, 2025, and will close on July 21, 2025. The debentures have been rated 'CRISIL A+/Stable' by Crisil Ratings, indicating adequate safety.

EFSL will utilise at least 75% of the funds raised for the repayment or prepayment of existing borrowings, with the remainder earmarked for general corporate purposes. The NCDs will be listed on BSE Limited to offer liquidity to investors.

Allotment will be done on a first-come-first-serve basis, based on the date of application upload into the BSE’s electronic book. On the day of oversubscription and beyond, allotment will be made on a proportionate basis.

Trust Investment Advisors, Nuvama Wealth Management, and Tipsons Consultancy Services are acting as lead managers to the issue.

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