New Delhi: Edelweiss Financial Services said its Rs200 crore public issue of debentures opened on Monday.
The non-convertible debentures (NCDs) will have an effective annual yield of 9 per cent to 10.46 per cent. The issue will close on April 23. The NCDs carry fixed coupons and have a tenure of 24 months, 36 months, 60 months, and 120 months with annual, monthly, and cumulative interest options, Edelweiss Financial Services said in a statement.
“Edelweiss Financial Services has announced the opening of the public issue of Secured Redeemable Non-Convertible Debentures (NCDs) of the face value of Rs1,000 each for an amount up to Rs1,000 million (base issue size), with a greenshoe option of up to Rs 1,000 million (Rs100 crore), cumulatively aggregating up to Rs2,000 million (Rs200 crore),” it said.
