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Edelweiss Financial announces Rs 200 cr public issue of secured redeemable NCDs ANI | Updated: Dec 21, 2020 12:53 IST
Mumbai (Maharashtra) [India], December 21 (ANI): Edelweiss Financial Services Ltd on Monday announced the public issue of secured redeemable non-convertible debentures (NCDs) of a face value of Rs 1,000 each amounting to Rs 100 crore with an option to retain over-subscription up to Rs 100 crore aggregating to a total of Rs 200 crore.
The NCDs offer a cumulative yield of 9.95 per cent per annum for 120 months tenure, 9.35 per cent per annum for 36 months tenure and up to 9.8 per cent per annum for 60 months tenure.
About 75 per cent of the funds raised through the issue will be used for repayment and prepayment of interest and principal of existing borrowings of the company.