Edelweiss announces Rs 2,000 million public issue of secured redeemable NCDs with up to 11% yield | Business Upturn

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Edelweiss Financial Services Limited (EFSL) has recently informed executives that the company is issuing 2,000 million Secured Redeemable Non-Convertible Debentures (NCDs) with an effective yield of up to 11%.

The NCDs will be listed on BSE Limited and have a CRISIL A+/Watch Negative rating. The funds raised will be used for repayment of existing borrowings and general corporate purposes.

In the exchange filing, the company also shared, “Trust Investment Advisors Private Limited, Nuvama Wealth Management Limited# and Tipsons Consultancy Services Private Limited are the Lead Managers to the Issue. The NCDs will be listed on BSE Limited to provide liquidity to the investors.”

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TOPICS: Edelweiss Financial Services