Edelweiss Financial Services has initiated a Rs 200 crore public issue of debentures, offering an annual yield ranging from 9% to 10.46%. The non-convertible debentures (NCDs) come with fixed coupons and multiple tenure options, including 24, 36, 60, and 120 months, with various interest payment options. The issue, which opened on Monday, will close on April 23. The NCDs, with a face value of Rs 1,000 each, are secured redeemable, and the company plans to utilize at least 75% of the raised funds for existing borrowings’ repayment/prepayment, with the remainder for general corporate purposes.
Edelweiss Financial Services Launches Rs 200 Crore NCD Public Issue
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