Edelweiss Financial Services Limited (EFSL) has announced a public issue of Secured Redeemable Non-Convertible Debentures (NCDs) with an effective annual yield of up to 10.50%. The issue, which opens on July 8, 2025, and closes on July 21, 2025, offers NCDs with a face value of INR 1,000 each, aggregating up to INR 300 crore. The NCDs are rated Crisil A+/Stable by Crisil Ratings Limited, indicating strong creditworthiness with a stable outlook.
The NCDs are available in 12 different series with tenures ranging from 24 to 120 months, offering fixed interest rates. Investors can choose from annual, monthly, or cumulative interest payment options, with effective annual yields ranging from 9.00% to 10.49%. The proceeds from the issue will be utilized for repayment or prepayment of existing borrowings (at least 75%) and general corporate purposes (up to 25%).
The allotment of NCDs will be done on a first-come, first-served basis, with oversubscription being handled on a proportionate basis. The issue is being managed by three companies, and the NCDs will be listed on BSE Limited, ensuring liquidity for investors. EFSL, established in 1995, has diversified into various financial services, including retail and corporate credit, asset management, and insurance. The company has a network of 255 offices and over 5,600 employees, serving approximately 9.73 million customers.
For investors seeking stable, fixed-income returns with credible ratings, this NCD issue presents a promising opportunity. With a strong credit rating and a range of tenure options, the NCDs offer a relatively low-risk investment option with attractive returns. The issue is expected to attract investors looking for a stable investment option with a fixed income stream. Overall, the EFSL NCD issue provides an opportunity for investors to diversify their portfolios and earn attractive returns in a relatively low-risk investment environment.