Edelweiss Financial Services to raise funds via non-convertible debentures
The company is offering bonds maturing in 24 months, 36 months, 60 months and 120 at an annual yield in the 8.94% to 10.46% range for investors. These notes are rated AA- by CRISIL and Acuite Ratings and Research.
By Reuters | Updated:
iStock
India's Edelweiss Financial Services plans to raise at least 1.5 billion rupees ($18.30 million) through the public issue of non-convertible debentures, according to a press release by the company.
The non-bank financier's public issue will open for subscription on Tuesday and will close on July 17, according to the release.
The issue also has a greenshoe option to retain an additional 1.5 billion rupees.
The company is offering bonds maturing in 24 months, 36 months, 60 months and 120 at an annual yield in the 8.94% to 10.46% range for investors. These notes are rated AA- by CRISIL and Acuite Ratings and Research.
Equirus Capital is the lead manager for the bond issue.
The non-bank financier's public issue will open for subscription on Tuesday and will close on July 17, according to the release.
The issue also has a greenshoe option to retain an additional 1.5 billion rupees.
The company is offering bonds maturing in 24 months, 36 months, 60 months and 120 at an annual yield in the 8.94% to 10.46% range for investors. These notes are rated AA- by CRISIL and Acuite Ratings and Research.
Equirus Capital is the lead manager for the bond issue.
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